TN Comptroller's Office Annual Financial Report

Cheatham County, Tennessee
For the Year Ended June 30, 2022

ANNUAL FINANCIAL REPORT
CHEATHAM COUNTY, TENNESSEE
FOR THE YEAR ENDED JUNE 30, 2022
COMPTROLLER OF THE TREASURY

JASON E. MUMPOWER
DIVISION OF LOCAL GOVERNMENT AUDIT

JAMES R. ARNETTE
Director
JEFF BAILEY, CPA, CGFM, CFE

Audit Manager
This financial report is available at www.comptroller.tn.gov
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TABLE OF CONTENTS
Exhibit Page(s)
Summary of Audit Findings 6
INTRODUCTORY SECTION 7
Cheatham County Officials 8
FINANCIAL SECTION 9
Independent Auditor's Report 10-14

BASIC FINANCIAL STATEMENTS: 15
Government-wide Financial Statements:
Statement of Net Position A 16-17
Statement of Activities B 18-19
Fund Financial Statements:
Governmental Funds:
Balance Sheet C-1 20-21
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position C-2 22
Statement of Revenues, Expenditures, and Changes in
Fund Balances C-3 23-24
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities C-4 25
Statements of Revenues, Expenditures, and Changes in Fund
Balances – Actual and Budget:
General Fund C-5 26-27
Highway/Public Works Fund C-6 28
Fiduciary Funds:
Statement of Net Position D-1 29
Statement of Changes in Net Position D-2 30
Index and Notes to the Financial Statements 31-87
REQUIRED SUPPLEMENTARY INFORMATION: 88
Schedule of Changes in Net Pension Liability (Asset) and Related Ratios
Based on Participation in the Public Employee Pension Plan
of TCRS – Primary Government E-1 89
Schedule of Contributions Based on Participation in the Public Employee
Pension Plan of TCRS – Primary Government E-2 90
Schedule of Contributions Based on Participation in the Teacher
Retirement Plan of TCRS – Discretely Presented Cheatham
County School Department E-3 91
Legacy Pension Plan of TCRS – Discretely Presented Cheatham
3
Exhibit Page(s)
Schedule of Proportionate Share of the Net Pension Liability (Asset) in the

Teacher Retirement Plan of TCRS – Discretely Presented
Cheatham County School Department E-5 93
Schedule of Proportionate Share of the Net Pension Liability (Asset) in the
Teacher Legacy Pension Plan of TCRS – Discretely Presented
Cheatham County School Department E-6 94
Schedule of Changes in the Total OPEB Liability and Related
Ratios - Local Education Plan - Discretely Presented Cheatham
Notes to the Required Supplementary Information 96
COMBINING AND INDIVIDUAL FUND FINANCIAL
STATEMENTS AND SCHEDULES: 97
Nonmajor Governmental Funds: 98-99
Combining Balance Sheet F-1 100-103
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances F-2 104-107
Schedules of Revenues, Expenditures, and Changes in Fund
Courthouse and Jail Maintenance Fund F-3 108
Solid Waste/Sanitation Fund F-4 109
Drug Control Fund F-5 110
Unemployment Compensation Fund F-6 111
General Debt Service Fund F-7 112
General Capital Projects Fund F-8 113
Other Capital Projects Fund F-9 114
Other Capital Projects (Jail) Fund F-10 115
Major Governmental Fund: 116
Schedule of Revenues, Expenditures, and Changes in Fund
Education Debt Service Fund G 117
Fiduciary Funds: 118
Combining Statement of Net Position - Custodial Funds H-1 119
Combining Statement of Changes in Net Position –
Custodial Funds H-2 120
Component Unit:
Discretely Presented Cheatham County School Department: 121
Statement of Activities I-1 122
Balance Sheet – Governmental Funds I-2 123-124
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position I-3 125
Statement of Revenues, Expenditures, and Changes in Fund
Balances – Governmental Funds I-4 126-127
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities I-5 128
Combining Balance Sheet – Nonmajor Governmental Funds I-6 129
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances – Nonmajor Governmental Funds I-7 130
4
Exhibit Page(s)
Schedules of Revenues, Expenditures, and Changes in Fund

Balances – Actual (Budgetary Basis) and Budget:
General Purpose School Fund I-8 131-132
School Federal Projects Fund I-9 133
Central Cafeteria Fund I-10 134
Extended School Program Fund I-11 135
Education Capital Projects Fund I-12 136
Miscellaneous Schedules: 137
Schedule of Changes in Long-term Notes, Other Loans, and Bonds J-1 138
Schedule of Long-term Debt Requirements by Year J-2 139
Schedule of Transfers – Primary Government and Discretely
Presented Cheatham County School Department J-3 140
Schedule of Salaries and Official Bonds of Principal Officials –
Primary Government and Discretely Presented Cheatham
County School Department J-4 141
Schedule of Detailed Revenues – All Governmental Fund Types J-5 142-153
Schedule of Detailed Revenues – All Governmental Fund Types –
Discretely Presented Cheatham County School Department J-6 154-161
Schedule of Detailed Expenditures – All Governmental Fund Types J-7 162-180
Schedule of Detailed Expenditures – All Governmental Fund Types –
Discretely Presented Cheatham County School Department J-8 181-194
Schedule of Detailed Additions, Deductions, and Changes in
Net Position – City Custodial Fund J-9 195
SINGLE AUDIT SECTION 196
Auditor's Report on Internal Control Over Financial Reporting and on

Compliance and Other Matters Based on an Audit of Financial
Statements Performed in Accordance With Government
Auditing Standards 197-198
Auditor's Report on Compliance for Each Major Federal Program; Report on
Internal Control Over Compliance; and Report on the Schedule of
Expenditures of Federal Awards Required by Uniform Guidance 199-202
Schedule of Expenditures of Federal Awards and State Grants 203-204
Summary Schedule of Prior-year Findings 205
Schedule of Findings and Questioned Costs 206-212
Management's Corrective Action Plan 213-220
Best Practice 221
5
Unmodified
Summary of Audit Findings
Annual Financial Report
Scope
We have audited the basic financial statements of Cheatham County as of and for the year
ended June 30, 2022.
Results
Our report on Cheatham County’s financial statements is unmodified.
Our audit resulted in seven findings and recommendations, which we have reviewed with
Cheatham County management. The detailed findings, recommendations, and
management’s responses are included in the Single Audit section of this report.
Finding
The following is a summary of the audit findings:
OFFICE OF COUNTY MAYOR
♦ Official prenumbered receipts were not issued for all collections at the ambulance service.
♦ Duties were not segregated adequately.
OFFICE OF BUILDING AND CODES
♦ The office had deficiencies in computer system backup procedures.
OFFICE OF DIRECTOR OF SCHOOLS
♦ The Director of Schools received additional compensation not approved by the Board of
Education.
♦ The school department did not have adequate policies and procedures to account for fuel
card purchases resulting in a net loss of $29,774.
♦ Material audit adjustments were required for proper financial statement presentation.
♦ The school department did not maintain adequate controls over its capital assets records.
6
INTRODUCTORY SECTION
7
Cheatham County Officials
June 30, 2022
Officials
Kerry McCarver, County Mayor

Robert Hester, Road Superintendent
Dr. Cathy Beck, Director of Schools
Cindy Burney, Assessor of Property
Margie Jarrell, Trustee
Teresa Gupton, County Clerk
Julie Hibbs, Circuit and General Sessions Courts Clerk
Pam Jenkins, Clerk and Master
Patrick Smith, Register of Deeds
Mike Breedlove, Sheriff
Sandrine Batts, Director of Accounts and Budgets
Board of County Commissioners
Donnie Jordan, Chairman Randy Liles

David Anderson Tim Williamson
Ed Greer Dr. Connie Mayo
Ann Jarreau Diana Pike Lovell
Gary Binkley Walter Weakley
Chris Gilmore Eugene Evans
Board of Education
John Louallen, Chairman David Risner

Christina Gilliam James Gupton
Tim Ray John Patrick
Audit Committee
Zach Clayton, Chairman

Mary Macrae
Darwin Newton
Lisa Parker
Charles Edens
8
FINANCIAL SECTION
9
Independent Auditor's Report
Cheatham County Mayor and

To the County Mayor and Board of County Commissioners:
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the aggregate
discretely presented component units, each major fund, and the aggregate remaining fund
information of Cheatham County, Tennessee, as of and for the year ended June 30, 2022, and
the related notes to the financial statements, which collectively comprise the county's basic
financial statements as listed in the table of contents.
In our opinion, based on our audit and the report of the other auditors, the accompanying
financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, the aggregate discretely presented
component units, each major fund, and the aggregate remaining fund information of
Cheatham County, Tennessee, as of June 30, 2022, and the respective changes in financial
position and the respective budgetary comparison for the General and Highway/Public Works
funds for the year then ended in accordance with accounting principles generally accepted in
the United States of America.
We did not audit the financial statements of the Internal School Fund of the Cheatham
County School Department (a discretely presented component unit), which represent 1.31
percent, 1.81 percent, and 3.2 percent, respectively, of the assets, net position, and revenues
of the discretely presented component unit. Those amounts were audited by other auditors
whose report has been furnished to us, and our opinion, insofar as it relates to amounts
included for the Cheatham County School Department’s Internal School Fund, is based solely
on the report of the other auditors.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the
United States of America (GAAS) and the standards applicable to financial audits contained
in Government Auditing Standards issued by the Comptroller General of the United States.
Our responsibilities under those standards are further described in the Auditor's
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Responsibilities for the Audit of the Financial Statements section of our report. We are
required to be independent of Cheatham County, Tennessee, and to meet our other ethical
responsibilities, in accordance with the relevant ethical requirements relating to our audit.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial
statements in accordance with accounting principles generally accepted in the United States
of America, and for the design, implementation, and maintenance of internal control relevant
to the preparation and fair presentation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there

are conditions or events, considered in the aggregate, that raise substantial doubt about
Cheatham County’s ability to continue as a going concern for twelve months beyond the
financial statement date, including any currently known information that may raise
substantial doubt shortly thereafter.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinions. Reasonable assurance is a high level of assurance
but is not absolute assurance and therefore is not a guarantee that an audit conducted in
accordance with GAAS and Government Auditing Standards will always detect a material
misstatement when it exists. The risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control. Misstatements
are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the
financial statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we
• exercise professional judgment and maintain professional skepticism throughout

the audit.
• identify and assess the risks of material misstatement of the financial

statements, whether due to fraud or error, and design and perform audit
procedures responsive to those risks. Such procedures include examining, on a
test basis, evidence regarding the amounts and disclosures in the financial
statements.
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• obtain an understanding of internal control relevant to the audit in order to
design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of Cheatham County's
internal control. Accordingly, no such opinion is expressed.
• evaluate the appropriateness of accounting policies used and the reasonableness

of significant accounting estimates made by management, as well as evaluate the
overall presentation of the financial statements.
• conclude whether, in our judgment, there are conditions or events, considered in

the aggregate, that raise substantial doubt about the Cheatham County's ability
to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain
internal control-related matters that we identified during the audit.
Required Supplementary Information
Management has omitted the management’s discussion and analysis that accounting
principles generally accepted in the United States of America require to be presented to
supplement the basic financial statements. Such missing information, although not a part of
the basic financial statements, is required by the Governmental Accounting Standards
Board, who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic, or historical context. Our
opinion on the basic financial statements is not affected by this missing information.
Accounting principles generally accepted in the United States of America require that the
schedule of changes in the county’s net pension liability (asset) and related ratios, schedules
of county and school contributions, schedules of school’s proportionate share of the net
pension liability (asset), and schedule of school changes in the total other postemployment
benefits liability and related ratios, as listed under Required Supplementary Information in
the table of contents, be presented to supplement the basic financial statements. Such
information is the responsibility of management and, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board who
considers it to be an essential part of financial reporting for placing the basic financial
statements in an appropriate operational, economic, or historical context. We have applied
certain limited procedures to the required supplementary information in accordance with
auditing standards generally accepted in the United States of America, which consisted of
inquiries of management about the methods of preparing the information and comparing the
information for consistency with management's responses to our inquiries, the basic financial
statements, and other knowledge we obtained during our audit of the basic financial
statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
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Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise Cheatham County’s basic financial statements. The combining and
individual nonmajor fund financial statements, budgetary comparison schedules of nonmajor
governmental funds and the Education Debt Service Fund, combining and individual fund
financial statements of the Cheatham County School Department (a discretely presented
component unit), and miscellaneous schedules are presented for purposes of additional
analysis and are not a required part of the basic financial statements. Such information is
the responsibility of management and was derived from and relates directly to the underlying
accounting and other records used to prepare the basic financial statements. The information
has been subjected to the auditing procedures applied in the audit of the basic financial
statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the basic
financial statements or to the basic financial statements themselves, and other additional
procedures in accordance with auditing standards generally accepted in the United States of
America. In our opinion, the combining and individual nonmajor fund financial statements,
budgetary comparison schedules of nonmajor governmental funds and the Education Debt
Service Fund, combining and individual fund financial statements of the Cheatham County
School Department (a discretely presented component unit), and miscellaneous schedules are
fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other
information comprises the introductory section but does not include the basic financial
statements and our auditor's report thereon. Our opinions on the basic financial statements
do not cover the other information, and we do not express an opinion or any form of assurance
thereon.
In connection with our audit of the basic financial statements, our responsibility is to read
the other information and consider whether a material inconsistency exists between the other
information and the basic financial statements, or the other information otherwise appears
to be materially misstated. If, based on the work performed, we conclude that an uncorrected
material misstatement of the other information exists, we are required to describe it in our
report.
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Other Reporting Requirements by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
December 5, 2022, on our consideration of Cheatham County’s internal control over financial
reporting and on our tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements and other matters. The purpose of that report is solely to
describe the scope of our testing of internal control over financial reporting and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of Cheatham
County’s internal control over financial reporting or on compliance. That report is an integral
part of an audit performed in accordance with Government Auditing Standards in
considering Cheatham County’s internal control over financial reporting and compliance.
Very truly yours,
Jason E. Mumpower
Comptroller of the Treasury
Nashville, Tennessee
December 5, 2022
JEM/gc
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BASIC FINANCIAL STATEMENTS
15
Exhibit A

Statement of Net Position
June 30, 2022
Component
Unit
Primary Cheatham
Government County
Governmental School
Activities Department
ASSETS
Cash $ 3,300 $ 1,419,180

Equity in Pooled Cash and Investments 28,431,632 20,361,753
Inventory 0 2,464
Accounts Receivable 8,304,610 127,618
Allowance for Uncollectibles (6,879,554) 0
Due from Other Governments 1,188,375 2,996,011
Property Taxes Receivable 20,312,349 7,863,386
Allowance for Uncollectible Property Taxes (433,552) (172,597)
Net Pension Asset - Agent Plan 3,943,836 2,264,974
Net Pension Asset - Teacher Retirement Plan 632,745
Net Pension Asset - Teacher Legacy Pension Plan 21,153,201
Restricted Assets:
Amounts Accumulated for Pension Benefits 0 670,979
Capital Assets:
Assets Not Depreciated:
Land 1,913,484 1,660,436
Intangibles 380,904 0
Construction in Progress 4,982,703 0
Assets Net of Accumulated Depreciation:
Buildings and Improvements 12,421,950 45,071,332
Other Capital Assets 2,266,677 4,190,379
Infrastructure 274,430 0
Total Assets $ 77,111,144 $ 108,241,861
DEFERRED OUTFLOWS OF RESOURCES
Pension Changes in Experience $ 50,530 $ 111,114

Pension Changes in Assumptions 2,217,968 7,153,802
Pension Changes in Proportion 0 193,695
Pension Contributions After Measurement Date 514,311 2,120,783
OPEB Paid after Measurement Date 0 262,264
OPEB Changes in Experience 0 56,688
OPEB Changes in Assumptions 0 866,538
Total Deferred Outflows of Resources $ 2,782,809 $ 10,764,884
(Continued)
16
Exhibit A

Statement of Net Position (Cont.)
Component
Unit
Primary Cheatham
Government County
Governmental School
Activities Department
LIABILITIES
Accounts Payable $ 348,943 $ 515,275

Payroll Deductions Payable 0 18,951
Contracts Payable 232,622 0
Due to other Governments 3,949,544 0
Due to Litigants, Heirs, and Others 53,430 0
Accrued Interest Payable 19,201 0
Other Current Liabilities 3,246 0
Noncurrent Liabilities:
Due Within One Year - Debt 1,364,918 0
Due Within One Year - Other 305,981 0
Due in More Than One Year - Debt 5,902,410 0
Due in More Than One Year - Other 796,072 7,512,088
Total Liabilities $ 12,976,367 $ 8,046,314
DEFERRED INFLOWS OF RESOURCES
Deferred Current Property Taxes $ 19,508,292 $ 7,538,836

Pension Changes in Experience 332,884 2,071,201
Pension Changes in Investment Earnings 4,304,901 19,705,766
Pension Changes in Proportion 0 24,049
OPEB Changes in Experience 0 1,955,858
OPEB Changes in Assumptions 0 863,755
OPEB Changes in Proportion 0 460,417
Total Deferred Inflows of Resources $ 24,146,077 $ 32,619,882
NET POSITION
Net Investment in Capital Assets $ 15,806,752 $ 50,922,147

Restricted for:
Capital Projects 3,816,666 2,590,683
Education 0 3,750,159
Debt Service 8,444,635 0
Highway/Public Works 2,864,388 0
Solid Waste/Sanitation 561,503 0
Drug Control 263,522 0
Pensions 3,943,836 24,721,899
Other Purposes 553,919 0
Unrestricted 6,516,288 (3,644,339)
Total Net Position $ 42,771,509 $ 78,340,549
The notes to the financial statements are an integral part of this statement.
17
Exhibit B

Statement of Activities
Net (Expense) Revenue and

Changes in Net Position
Component
Program Revenues Primary Unit
Operating Capital Government Cheatham
Charges Grants Grants Total County
for and and Governmental School
Functions/Programs Expenses Services Contributions Contributions Activities Department
Primary Government:
Governmental Activities:
General Government $ 4,407,591 $ 1,485,934 $ 396,057 $ 0 $ (2,525,600) $ 0
Finance 1,821,746 1,594,056 14,082 0 (213,608) 0
Administration of Justice 2,184,234 787,983 196,932 0 (1,199,319) 0
Public Safety 10,354,355 235,201 138,952 0 (9,980,202) 0
Public Health and Welfare 5,016,587 2,200,759 84,366 0 (2,731,462) 0
Social, Cultural, and Recreational Services 519,484 39,184 0 0 (480,300) 0
Agriculture and Natural Resources 158,862 0 0 0 (158,862) 0
Highways/Public Works 3,831,497 6,002 2,412,785 350,649 (1,062,061) 0
Education 4,237,383 0 0 0 (4,237,383) 0
Interest on Long-term Debt 278,008 0 0 0 (278,008) 0
Total Primary Government $ 32,809,747 $ 6,349,119 $ 3,243,174 $ 350,649 $ (22,866,805) $ 0
Component Unit:
Cheatham County School Department $ 54,431,226 $ 3,738,896 $ 8,663,791 $ 0 $ 0 $ (42,028,539)
Total Component Unit $ 54,431,226 $ 3,738,896 $ 8,663,791 $ 0 $ 0 $ (42,028,539)
(Continued)
18
Exhibit B

Statement of Activities (Cont.)
Net (Expense) Revenue and

Changes in Net Position
Component
Program Revenues Primary Unit
Operating Capital Government Cheatham
Charges Grants Grants Total County
for and and Governmental School
Functions/Programs Expenses Services Contributions Contributions Activities Department
General Revenues:
Taxes:
Property Taxes Levied for General Purposes $ 17,931,722 $ 8,185,205
Property Taxes Levied for Debt Service 1,999,457 0
Local Option Sales Tax 3,858,625 4,916,518
Wheel Tax 1,795,412 451,812
Adequate Facilities/Development Tax 1,133,698 0
Wholesale Beer Tax 303,372 0
Fire Tax 1,543,251 0
Business Tax 437,075 0
Mixed Drink Tax 0 47,953
Litigation Tax 114,281 0
Hotel/Motel Tax 413,365 0
Other Local Taxes 2,098 0
Grants and Contributions Not Restricted to Specific Programs 1,355,431 41,386,921
Unrestricted Investment Earnings 125,177 0
Miscellaneous 41,658 254,809
Total General Revenues $ 31,054,622 $ 55,243,218
Change in Net Position $ 8,187,817 $ 13,214,679

Net Position, July 1, 2021 34,583,692 65,125,870
Net Position, June 30, 2022 $ 42,771,509 $ 78,340,549
19
Exhibit C-1

Balance Sheet
Governmental Funds
June 30, 2022
Nonmajor
Major Funds Funds
Other Other
General Highway / Education Govern- Total
Government Public Debt mental Governmental
General Fund Works Service Funds Funds
ASSETS
Cash $ 650 $ 0 $ 0 $ 0 $ 2,650 $ 3,300

Equity in Pooled Cash and Investments 9,047,670 3,949,544 2,663,599 7,113,739 5,657,080 28,431,632
Accounts Receivable 8,075,229 0 40,610 128,199 60,572 8,304,610
Allowance for Uncollectibles (6,879,554) 0 0 0 0 (6,879,554)
Due from Other Governments 76,598 0 419,910 655,939 35,928 1,188,375
Property Taxes Receivable 15,103,545 0 599,556 707,017 3,902,231 20,312,349
Allowance for Uncollectible Property Taxes (313,490) 0 (12,898) (23,215) (83,949) (433,552)
Total Assets $ 25,110,648 $ 3,949,544 $ 3,710,777 $ 8,581,679 $ 9,574,512 $ 50,927,160
LIABILITIES
Accounts Payable $ 281,134 $ 0 $ 3,320 $ 0 $ 64,489 $ 348,943

Contracts Payable 0 0 0 0 232,622 232,622
Due to Other Governments 0 3,949,544 0 0 0 3,949,544
Due to Litigants, Heirs, and Others 0 0 0 0 53,430 53,430
Other Current Liabilities 0 0 0 0 3,246 3,246
Total Liabilities $ 281,134 $ 3,949,544 $ 3,320 $ 0 $ 353,787 $ 4,587,785
Deferred Current Property Taxes $ 14,530,472 $ 0 $ 575,540 $ 656,356 $ 3,745,924 $ 19,508,292

Deferred Delinquent Property Taxes 205,376 0 8,792 21,704 57,267 293,139
Other Deferred/Unavailable Revenue 833,361 0 207,243 321,458 0 1,362,062
Total Deferred Inflows of Resources $ 15,569,209 $ 0 $ 791,575 $ 999,518 $ 3,803,191 $ 21,163,493
(Continued)
20
Exhibit C-1

Balance Sheet
Governmental Funds (Cont.)
Nonmajor
Major Funds Funds
Other Other
General Highway / Education Govern- Total
Government Public Debt mental Governmental
General Fund Works Service Funds Funds
FUND BALANCES
Restricted:
Restricted for General Government $ 71,775 $ 0 $ 0 $ 0 $ 0 $ 71,775
Restricted for Finance 102,847 0 0 0 0 102,847
Restricted for Administration of Justice 247,976 0 0 0 0 247,976
Restricted for Public Safety 89,215 0 0 0 263,522 352,737
Restricted for Public Health and Welfare 21,366 0 0 0 789,244 810,610
Restricted for Social, Cultural, and Recreational Services 20,740 0 0 0 0 20,740
Restricted for Highways/Public Works 0 0 2,915,882 0 0 2,915,882
Restricted for Capital Outlay 0 0 0 0 3,781,605 3,781,605
Restricted for Debt Service 0 0 0 7,582,161 529,786 8,111,947
Committed:
Committed for General Government 538,536 0 0 0 53,377 591,913
Committed for Finance 59,263 0 0 0 0 59,263
Committed for Public Safety 1,269,766 0 0 0 0 1,269,766
Committed for Social, Cultural, and Recreational Services 56,720 0 0 0 0 56,720
Committed for Other Operations 68,480 0 0 0 0 68,480
Assigned:
Assigned for Public Safety 33,313 0 0 0 0 33,313
Assigned for Public Health and Welfare 80,545 0 0 0 0 80,545
Assigned for Capital Projects 250,380 0 0 0 0 250,380
Unassigned 6,349,383 0 0 0 0 6,349,383
Total Fund Balances $ 9,260,305 $ 0 $ 2,915,882 $ 7,582,161 $ 5,417,534 $ 25,175,882
Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 25,110,648 $ 3,949,544 $ 3,710,777 $ 8,581,679 $ 9,574,512 $ 50,927,160
21
Exhibit C-2

Reconciliation of the Balance Sheet of Governmental Funds to
the Statement of Net Position
June 30, 2022
Amounts reported for governmental activities in the statement

of net position (Exhibit A) are different because:
Total fund balances - balance sheet - governmental funds (Exhibit C-1) $ 25,175,882
(1) Capital assets used in governmental activities are not financial

resources and therefore are not reported in the governmental funds.
Add: land $ 1,913,484
Add: intangibles 380,904
Add: construction in progress 4,982,703
Add: buildings and improvements net of accumulated depreciation 12,421,950
Add: other capital assets net of accumulated depreciation 2,266,677
Add: infrastructure net of accumulated depreciation 274,430 22,240,148
(2) Long-term liabilities are not due and payable in the current
period and therefore are not reported in the governmental funds.
Less: notes payable $ (618,334)
Less: other loans payable (6,648,994)
Less: compensated absences payable (874,232)
Less: landfill closure/postclosure costs (227,821)
Less: accrued interest on notes and other loans (19,201) (8,388,582)
(3) Amounts reported as deferred outflows of resources and deferred

inflows of resources related to pensions will be amortized and
recognized as components of pension and other postemployment
expense in future years.
Add: deferred outflows of resources related to pensions $ 2,782,809
Less: deferred inflows of resources related to pensions (4,637,785) (1,854,976)
(4) Net pension assets of the agent plan are not current financial
resources and therefore are not reported in the governmental funds. 3,943,836
(5) Other long-term assets are not available to pay for current period
expenditures and therefore are deferred in the governmental funds. 1,655,201
Net position of governmental activities (Exhibit A) $ 42,771,509
22
Exhibit C-3

Statement of Revenues, Expenditures,
and Changes in Fund Balances
Governmental Funds
Nonmajor
Funds
Major Funds Other
Highway / Education Education Govern- Total
Public Debt Capital mental Governmental
General Works Service Projects Funds Funds
Revenues
Local Taxes $ 16,659,410 $ 1,105,231 $ 7,723,952 $ 0 $ 4,366,784 $ 29,855,377
Licenses and Permits 580,437 200 0 0 0 580,637
Fines, Forfeitures, and Penalties 209,698 0 0 0 94,401 304,099
Charges for Current Services 1,545,110 0 0 0 483,051 2,028,161
Other Local Revenues 694,921 25,326 0 0 99,696 819,943
Fees Received From County Officials 2,309,724 0 0 0 0 2,309,724
State of Tennessee 823,806 2,760,587 29,920 0 512,646 4,126,959
Federal Government 288,662 38,419 0 0 0 327,081
Other Governments and Citizens Groups 339,508 0 0 0 0 339,508
Total Revenues $ 23,451,276 $ 3,929,763 $ 7,753,872 $ 0 $ 5,556,578 $ 40,691,489
Expenditures
Current:
General Government $ 2,404,944 $ 0 $ 87,825 $ 0 $ 99,067 $ 2,591,836
Finance 1,620,685 0 0 0 0 1,620,685
Administration of Justice 1,667,817 0 0 0 0 1,667,817
Public Safety 8,358,891 0 0 0 54,583 8,413,474
Public Health and Welfare 3,012,533 0 0 0 1,264,889 4,277,422
Social, Cultural, and Recreational Services 415,310 0 0 0 0 415,310
Agriculture and Natural Resources 131,280 0 0 0 0 131,280
Other Operations 4,243,487 0 0 0 70,166 4,313,653
Highways 0 4,058,293 0 0 0 4,058,293
Debt Service:
Principal on Debt 0 133,333 8,127,708 0 1,171,666 9,432,707
Interest on Debt 0 8,038 59,767 0 219,351 287,156
Capital Projects 72,664 0 0 4,222,851 3,394,518 7,690,033
Total Expenditures $ 21,927,611 $ 4,199,664 $ 8,275,300 $ 4,222,851 $ 6,274,240 $ 44,899,666
(Continued)
23
Exhibit C-3

Governmental Funds (Cont.)
Nonmajor
Funds
Major Funds Other
Highway / Education Education Govern- Total
Public Debt Capital mental Governmental
General Works Service Projects Funds Funds
Excess (Deficiency) of Revenues

Over Expenditures $ 1,523,665 $ (269,901) $ (521,428) $ (4,222,851) $ (717,662) $ (4,208,177)
Other Financing Sources (Uses)

Notes Issued $ 0 $ 0 $ 0 $ 4,222,851 $ 0 $ 4,222,851
Other Loans Issued 0 0 0 0 294,101 294,101
Insurance Recovery 1,306 0 0 0 35,194 36,500
Transfers In 36,043 0 0 0 170,000 206,043
Transfers Out 0 (100,000) 0 0 (106,043) (206,043)
Total Other Financing Sources (Uses) $ 37,349 $ (100,000) $ 0 $ 4,222,851 $ 393,252 $ 4,553,452
Net Change in Fund Balances $ 1,561,014 $ (369,901) $ (521,428) $ 0 $ (324,410) $ 345,275

Fund Balance, July 1, 2021 7,699,291 3,285,783 8,103,589 0 5,741,944 24,830,607
Fund Balance, June 30, 2022 $ 9,260,305 $ 2,915,882 $ 7,582,161 $ 0 $ 5,417,534 $ 25,175,882
24
Exhibit C-4

Reconciliation of the Statement of Revenues, Expenditures, and
Changes in Fund Balances of Governmental Funds to the

of activities (Exhibit B) are different because:
Net change in fund balances - total governmental funds (Exhibit C-3) $ 345,275
(1) Governmental funds report capital outlays as expenditures. However,

in the statement of activities, the cost of these assets is allocated over
their useful lives and reported as depreciation expense. The difference
between capital outlays and depreciation is itemized as follows:
Add: capital assets purchased in the current period $ 3,116,146
Less: current-year depreciation expense (1,422,962) 1,693,184
(2) The net effect of various miscellaneous transactions involving capital

assets (sales, trade-ins, and donations) is to decrease net position.
Less: book value of capital assets disposed (3,830)
(3) Revenues in the statement of activities that do not provide current

financial resources are not reported as revenues in the funds.
Less: deferred delinquent property taxes and other deferred June 30, 2021 $ (1,322,037)
Add: deferred delinquent property taxes and other deferred June 30, 2022 1,655,201 333,164
(4) The issuance of long-term debt (e.g., bonds, notes, other loans) provides
current financial resources to governmental funds, while the repayment of the
principal of long-term debt consumes the current financial resources of
governmental funds. Neither transaction, however, has any effect on net
position. Also, governmental funds report the effect of premiums, discounts,
and similar items when debt is first issued, whereas these amounts are
deferred and amortized in the statement of activities. This amount is the effect
of these differences in the treatment of long-term debt and related items.
Add: principal payments on notes $ 7,912,663
Add: principal payments on other loans 1,101,344
Add: principal payments on bonds 418,700
Less: note proceeds (4,222,851)
Less: other loan proceeds (294,101)
Less: change in deferred amount on refunding debt (102) 4,915,653
(5) Some expenses reported in the statement of activities do not require

the use of current financial resources and therefore are not reported
as expenditures in the governmental funds.
Change in accrued interest payable $ 9,250
Change in landfill closure/postclosure care costs (8,973)
Change in compensated absences payable 42,621
Change in net pension asset 3,501,000
Change in deferred outflows of resources related to pensions 1,854,521
Change in deferred inflows of resources related to pensions (4,494,048) 904,371
Change in net position of governmental activities (Exhibit B) $ 8,187,817
25
Exhibit C-5

Statement of Revenues, Expenditures, and Changes
in Fund Balance - Actual and Budget
General Fund
Variance
with Final
Budget -
Budgeted Amounts Positive
Actual Original Final (Negative)
Revenues
Local Taxes $ 16,659,410 $ 16,133,978 $ 16,133,978 $ 525,432
Licenses and Permits 580,437 547,750 547,750 32,687
Fines, Forfeitures, and Penalties 209,698 199,250 199,250 10,448
Charges for Current Services 1,545,110 1,219,565 1,229,309 315,801
Other Local Revenues 694,921 866,780 874,185 (179,264)
Fees Received From County Officials 2,309,724 2,025,138 2,025,138 284,586
State of Tennessee 823,806 948,099 986,967 (163,161)
Federal Government 288,662 64,850 249,799 38,863
Other Governments and Citizens Groups 339,508 364,009 385,509 (46,001)
Total Revenues $ 23,451,276 $ 22,369,419 $ 22,631,885 $ 819,391
Expenditures
General Government
County Commission $ 128,421 $ 133,420 $ 133,420 $ 4,999
Beer Board 1,000 4,000 6,750 5,750
County Mayor/Executive 179,205 196,158 196,206 17,001
Personnel Office 67,405 71,865 71,865 4,460
Election Commission 237,767 193,853 259,525 21,758
Register of Deeds 217,396 223,675 229,729 12,333
Building 266,626 269,570 274,195 7,569
County Buildings 1,231,170 1,168,156 1,314,698 83,528
Other General Administration 55,340 0 70,000 14,660
Preservation of Records 20,614 19,693 21,057 443
Finance
Accounting and Budgeting 331,841 336,116 345,116 13,275
Property Assessor's Office 334,468 337,416 349,418 14,950
County Trustee's Office 232,778 248,703 248,703 15,925
County Clerk's Office 526,630 539,321 549,001 22,371
Data Processing 194,968 190,343 197,343 2,375
Administration of Justice
Circuit Court 583,824 595,790 650,824 67,000
General Sessions Court 134,605 137,791 138,011 3,406
Chancery Court 264,268 268,192 268,422 4,154
Juvenile Court 366,146 370,795 389,550 23,404
District Attorney General 18,000 18,000 18,000 0
Probation Services 139,783 172,231 172,231 32,448
Courtroom Security 115,891 126,994 129,448 13,557
Victim Assistance Programs 45,300 43,760 49,025 3,725
Public Safety
Sheriff's Department 3,402,045 3,382,918 3,552,071 150,026
Jail 2,412,692 2,778,063 2,836,013 423,321
Rural Fire Protection 1,311,089 1,318,149 1,325,649 14,560
Other Emergency Management 478,205 437,738 531,081 52,876
County Coroner/Medical Examiner 108,875 114,650 120,850 11,975
Other Public Safety 645,985 746,389 746,389 100,404
Public Health and Welfare
Local Health Center 18,830 39,785 39,785 20,955
Rabies and Animal Control 294,872 292,283 315,155 20,283
(Continued)
26
Exhibit C-5

General Fund (Cont.)
Variance
with Final
Budget -
Expenditures (Cont.)
Public Health and Welfare (Cont.)
Ambulance/Emergency Medical Services $ 2,618,535 $ 2,529,700 $ 2,655,302 $ 36,767
General Welfare Assistance 32,420 33,198 33,198 778
Sanitation Education/Information 47,876 49,873 50,173 2,297
Social, Cultural, and Recreational Services
Senior Citizens Assistance 115,283 119,524 119,524 4,241
Libraries 300,027 273,520 305,388 5,361
Agriculture and Natural Resources
Agricultural Extension Service 87,939 119,046 119,046 31,107
Soil Conservation 43,341 43,476 43,476 135
Other Operations
Other Economic and Community Development 114,689 120,371 120,871 6,182
Veterans' Services 105,332 112,468 113,785 8,453
Other Charges 358,540 362,000 362,000 3,460
Contributions to Other Agencies 239,373 211,016 239,373 0
Employee Benefits 3,124,840 3,358,431 3,202,347 77,507
Miscellaneous 300,713 337,653 337,653 36,940
Capital Projects
Public Safety Projects 7,726 0 7,788 62
Highway and Street Capital Projects 420 300 420 0
Education Capital Projects 64,518 0 165,108 100,590
Total Expenditures $ 21,927,611 $ 22,446,393 $ 23,424,982 $ 1,497,371

Over Expenditures $ 1,523,665 $ (76,974) $ (793,097) $ 2,316,762

Notes Issued $ 0 $ 300 $ 300 $ (300)
Insurance Recovery 1,306 0 1,306 0
Transfers In 36,043 22,465 22,465 13,578
Total Other Financing Sources $ 37,349 $ 22,765 $ 24,071 $ 13,278
Net Change in Fund Balance $ 1,561,014 $ (54,209) $ (769,026) $ 2,330,040

Fund Balance, July 1, 2021 7,699,291 5,753,785 7,699,291 0
Fund Balance, June 30, 2022 $ 9,260,305 $ 5,699,576 $ 6,930,265 $ 2,330,040
27
Exhibit C-6

Highway/Public Works Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 1,105,231 $ 1,039,182 $ 1,039,182 $ 66,049
Licenses and Permits 200 0 0 200
Other Local Revenues 25,326 200 4,946 20,380
State of Tennessee 2,760,587 3,392,543 3,392,543 (631,956)
Federal Government 38,419 0 0 38,419
Total Revenues $ 3,929,763 $ 4,431,925 $ 4,436,671 $ (506,908)
Expenditures
Highways
Administration $ 206,260 $ 204,764 $ 207,604 $ 1,344
Highway and Bridge Maintenance 2,306,034 1,939,678 2,856,078 550,044
Operation and Maintenance of Equipment 498,539 446,202 513,506 14,967
Other Charges 149,062 158,951 160,635 11,573
Employee Benefits 461,998 444,516 469,612 7,614
Capital Outlay 436,400 1,096,441 1,446,441 1,010,041
Principal on Debt
Highways and Streets 133,333 133,333 133,333 0
Interest on Debt
Highways and Streets 8,038 8,040 8,040 2

Over Expenditures $ (269,901) $ 0 $ (1,358,578) $ 1,088,677

Transfers Out $ (100,000) $ 0 $ (100,000) $ 0
Total Other Financing Sources $ (100,000) $ 0 $ (100,000) $ 0
Net Change in Fund Balance $ (369,901) $ 0 $ (1,458,578) $ 1,088,677

28
Exhibit D-1
Statement of Net Position
Fiduciary Funds
June 30, 2022
Custodial
Funds
ASSETS
Cash $ 2,285,483
Due from Other Governments 922,328
Total Assets $ 3,207,811
LIABILITIES
Due to Other Taxing Units $ 922,328
Total Liabilities $ 922,328
NET POSITION
Restricted for Individuals, Organizations, and Other Governments $ 2,285,483
Total Net Position $ 2,285,483
29
Exhibit D-2
Statement of Changes in Net Position
Fiduciary Funds
Custodial
Funds
ADDITIONS
Sales Tax Collections for Other Governments $ 5,545,021

Fines/Fees and Other Collections 11,305,060
Total Additions $ 16,850,081
DEDUCTIONS
Payment of Sales Tax Collections to Other Governments $ 5,545,021

Payments to State 5,437,613
Payments to County/City 3,558,376
Payments to Individuals and Others 2,368,681
Total Deductions $ 16,909,691
Net Increase (Decrease) in Fiduciary in Net Position $ (59,610)

Net Position, July 1, 2021 2,345,093
Net Position, June 30, 2022 $ 2,285,483
30
Index of Notes to the Financial Statements
Note Page(s)
I. Summary of Significant Accounting Policies

A. Reporting Entity 32
B. Government-wide and Fund Financial Statements 33
C. Measurement Focus, Basis of Accounting, and Financial
Statement Presentation 34
D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and
Net Position/Fund Balance
1. Deposits and Investments 36
2. Receivables and Payables 38
3. Restricted Assets 38
4. Capital Assets 39
5. Deferred Outflows/Inflows of Resources 39
6. Compensated Absences 40
7. Long-term Debt, Lease Obligations, and Long-term Obligations 41
8. Net Position and Fund Balance 41
E. Pension Plans 43
F. Other Postemployment Benefits (OPEB) Plans 44
II. Reconciliation of Government-wide and Fund Financial Statements
A. Explanation of Certain Differences Between the Governmental Fund
Balance Sheet and the Government-wide Statement of Net Position 44
B. Explanation of Certain Differences Between the Governmental Fund
Statement of Revenues, Expenditures, and Changes in Fund Balances
and the Government-wide Statement of Activities 44
III. Stewardship, Compliance, and Accountability
A. Budgetary Information 45
B. Cash Shortage 46
IV. Detailed Notes on All Funds
A. Deposits and Investments 46
B. Capital Assets 50
C. Interfund Transfers 53
D. Long-term Debt 54
E. Long-term Obligations 56
F. On-Behalf Payments 57
V. Other Information
A. Risk Management 57
B. Accounting Changes 58
C. Contingent Liabilities 60
D. Landfill Closure/Postclosure Care Costs 60
E. Joint Ventures 61
F. Jointly Governed Organizations 62
G. Retirement Commitments
1. Tennessee Consolidated Retirement System (TCRS) 62
2. Deferred Compensation 80
H. Other Postemployment Benefits (OPEB) 81
I. Office of Central Accounting and Budgeting 87
J. Purchasing Laws 87
K. Subsequent Events 87
31
NOTES TO THE FINANCIAL STATEMENTS
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cheatham County’s financial statements are presented in accordance with generally

accepted accounting principles (GAAP). The Governmental Accounting Standards
Board (GASB) is responsible for establishing GAAP for state and local governments.
The following are the more significant accounting policies of Cheatham County:
A. Reporting Entity
Cheatham County is a public municipal corporation governed by an elected 12-

member board. As required by GAAP, these financial statements present
Cheatham County (the primary government) and its component units. The
financial statements of the Cheatham County Emergency Communications
District, a component unit requiring discrete presentation, were excluded from
this report due to materiality calculations; therefore, the effect of this omission
did not affect the independent auditor’s opinion thereon. The component units
discussed below are included in the county's reporting entity because of the
significance of their operational or financial relationships with the county.
Discretely Presented Component Units – The following entities meet the

criteria for discretely presented component units of the county. They are
reported in separate columns in the government-wide financial statements to
emphasize that they are legally separate from the county.
The Cheatham County School Department operates the public school system
in the county, and the voters of Cheatham County elect its board. The school
department is fiscally dependent on the county because it may not issue debt,
and its budget and property tax levy are subject to the county commission’s
approval. The school department’s taxes are levied under the taxing authority
of the county and are included as part of the county’s total tax levy.
The Cheatham County Emergency Communications District provides a

simplified means of securing emergency services through a uniform emergency
number for the residents of Cheatham County, and the Cheatham County
Commission appoints its governing body. The district is funded primarily
through a service charge levied on telephone services. Before the issuance of
most debt instruments, the district must obtain the county commission’s
approval. The financial statements of the Cheatham County Emergency
Communications District were not material to the component units’ opinion
unit and therefore have been omitted from this report.
The Cheatham County School Department does not issue separate financial
statements from those of the county. Therefore, basic financial statements of
32
the school department are included in this report as listed in the table of
contents. Complete financial statements of the Cheatham County Emergency
Communications District can be obtained from its administrative office at the
following address:
Administrative Office:
Cheatham County Emergency

Communications District
P.O. Box 682
Ashland City, TN 37015
Related Organizations – The Cheatham County Water and Wastewater

Authority and the Cheatham County Industrial Development Board are
related organizations of Cheatham County. The county is responsible for
appointing the members of the boards, but the county’s accountability for the
organizations does not extend beyond making the appointments.
B. Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the Statement of Net Position

and the Statement of Activities) report information on all of the nonfiduciary
activities of the primary government and its component units. For the most
part, the effect of interfund activity has been removed from these statements.
However, when applicable, interfund services provided and used between
functions are not eliminated in the process of consolidation in the Statement
of Activities. Governmental activities are normally supported by taxes and
intergovernmental revenues. Business-type activities, which rely to a
significant extent on fees and charges, are required to be reported separately
from governmental activities in government-wide financial statements.
However, the primary government of Cheatham County does not have any
business-type activities to report. Likewise, the primary government is
reported separately from certain legally separate component units for which
the primary government is financially accountable. The Cheatham County
School Department component unit only reports governmental activities in the
government-wide financial statements.
The Statement of Activities demonstrates the degree to which the direct

expenses of a given function are offset by program revenues. Direct expenses
are those that are clearly identifiable with a specific function. Program
revenues include (1) charges to customers or applicants who purchase, use, or
directly benefit from goods, services, or privileges provided by a given function
and (2) grants and contributions that are restricted to meeting the operational
or capital requirements of a particular function. Taxes and other items not
properly included among program revenues are reported instead as general
revenues.
33
Cheatham County issues all debt for the discretely presented Cheatham
County School Department. Net debt issues totaling $4,222,851 were
contributed by the county to the school department during the year ended June
30, 2022.
Separate financial statements are provided for governmental funds and

fiduciary funds. Fiduciary funds are excluded from the government-wide
financial statements. Major individual governmental funds are reported as
separate columns in the fund financial statements.
C. Measurement Focus, Basis of Accounting, and Financial Statement

Presentation
The government-wide financial statements are reported using the economic

resources measurement focus and the accrual basis of accounting, as are the
fiduciary funds financial statements. Revenues are recorded when earned, and
expenses are recorded when a liability is incurred, regardless of the timing of
related cash flows. Property taxes are recognized as revenues in the year for
which they are levied. Grants and similar items are recognized as revenue as
soon as all eligibility requirements imposed by the provider have been met.
Fund financial statements of Cheatham County are organized into funds, each
of which is considered to be a separate accounting entity. Each fund is
accounted for by providing a separate set of self-balancing accounts that
constitute its assets, deferred outflow of resources, liabilities, deferred inflow
of resources, fund equity, revenues, and expenditures. Funds are organized
into three major categories: governmental, proprietary, and fiduciary. An
emphasis is placed on major funds within the governmental category.
Cheatham County has no proprietary funds to report.
Separate financial statements are provided for governmental funds and

fiduciary funds. Major individual governmental funds are reported as separate
columns in the fund financial statements. All other governmental funds are
aggregated into a single column on the fund financial statements. Fiduciary
funds in total are reported in a single column.
Governmental fund financial statements are reported using the current

financial resources measurement focus and the modified accrual basis of
accounting. Revenues are recognized as soon as they become both measurable
and available. Revenues are considered to be available when they are
collectible within the current period or soon enough thereafter to pay liabilities
of the current period. For this purpose, the county considers revenues other
than grants to be available if they are collected within 30 days after year-end.
Grants and similar items are recognized as revenue as soon as all eligibility
requirements imposed by the provider have been met and the revenues are
available. Cheatham County considers grants and similar revenues to be
available if they are collected within 60 days after year-end. Expenditures are
generally recognized under the modified accrual basis of accounting when the
34
related fund liability is incurred. Principal and interest on long-term debt,
including lease obligations, are recognized as fund liabilities when due or when
amounts have been accumulated in the debt service funds for payments to be
made early in the following year.
Property taxes for the period levied, in-lieu-of tax payments, sales taxes,
interest, and miscellaneous taxes are all considered to be susceptible to accrual
and have been recognized as revenues of the current period. Applicable
business taxes, litigation taxes, state-shared excise taxes, fines, forfeitures,
and penalties are not susceptible to accrual since they are not measurable
(reasonably estimable). All other revenue items are considered to be
measurable and available only when the county receives cash.
Fiduciary funds financial statements are reported using the economic

resources measurement focus and the accrual basis of accounting. Revenues
are recognized when earned, and expenses are recorded when a liability is
incurred, regardless of the timing of related cash flows. Grants and similar
items are recognized as revenue as soon as all eligibility requirements imposed
by the provider have been met. Fiduciary fund reporting focuses on net position
and changes in net position. The fiduciary fund category includes custodial
funds.
Cheatham County reports the following major governmental funds:
General Fund – This is the county’s primary operating fund. It

accounts for all financial resources of the general government, except
those required to be accounted for in another fund.
Other General Government Fund – This special revenue fund

accounts for all financial resources and payments made related to the
American Rescue Plan Act Grant.
Highway/Public Works Fund – This special revenue fund accounts

for transactions of the county’s highway department. Local and state
gasoline/fuel taxes are the foundational revenues of this fund.
Education Debt Service Fund – This fund accounts for the

accumulation of resources for, and the payment of, debt principal,
interest, and related costs for school construction and renovation
projects.
Education Capital Projects Fund – This fund accounts for debt

issued by Cheatham County that is subsequently contributed to the
discretely presented Cheatham County School Department for
construction and renovation projects.
Additionally, Cheatham County reports the following fund type:
35
Custodial Funds – These funds account for amounts collected in a
custodial capacity by the constitutional officers and local sales taxes
received by the state to be forwarded to the various cities in Cheatham
County.
The discretely presented Cheatham County School Department reports the

following major governmental funds:
General Purpose School Fund – This fund is the primary operating

fund for the school department. It is used to account for general
operations of the school department.
Internal School Fund – This special revenue fund is used to account

for funds held at the individual schools for internal school use such as
the purchase of supplies, school clubs, and student activities.
Collections from students and school activities are the foundational
revenues of this fund. A more detailed reporting of the fund activities
at each individual school may be found at
https://www.comptroller.tn.gov/office-functions/la/reports/find-other-
audits.html.
Education Capital Projects Fund – This fund is used to account for

the receipt of debt issued by Cheatham County and contributed to the
school department for building construction and renovations.
Amounts reported as program revenues include (1) charges to customers or

applicants for goods, services, or privileges provided; (2) operating grants and
contributions; and (3) capital grants and contributions. Internally dedicated
resources are reported as general revenues rather than as program revenues.
Likewise, general revenues include all taxes.
D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net

Position/Fund Balance
1. Deposits and Investments
State statutes authorize the government to make direct investments in

bonds, notes, or treasury bills of the U.S. government and obligations
guaranteed by the U.S. government or any of its agencies; deposit
accounts at state and federal chartered banks and savings and loan
associations; repurchase agreements; the State Treasurer’s Investment
Pool; the State Treasurer’s Intermediate Term Investment Fund; bonds
of any state or political subdivision rated A or higher by any nationally
recognized rating service; nonconvertible debt securities of certain
federal government sponsored enterprises; and the county’s own legally
issued bonds or notes.
36
The county trustee maintains a cash and internal investment pool that
is used by all funds and the discretely presented Cheatham County
School Department. Each fund’s portion of this pool is displayed on the
balance sheets or statements of net position as Equity in Pooled Cash
and Investments. Most income from these pooled investments is
assigned to the General Fund. Cheatham County and the school
department have adopted a policy of reporting U.S. Treasury
obligations, U.S. agency obligations, and repurchase agreements with
maturities of one year or less when purchased on the balance sheet at
amortized cost. Certificates of deposit are reported at cost.
Investments in the State Treasurer’s Investment Pool are reported at

amortized cost using a stable net asset value. The primary oversight
responsibility for the investments and operations of the State
Treasurer’s Investment Pool rests with the Funding Board of the State
of Tennessee (Funding Board). The Funding Board has established an
investment policy that is administered by the state treasurer. These
policies were designed to comply with generally accepted accounting
principles. In addition, state statutes require the state treasurer to
administer the pool under the same terms and conditions, including
collateral requirements, as prescribed for other funds invested by the
state treasurer. Compliance with Funding Board policies is audited by
the Tennessee Comptroller of the Treasury, Division of State Audit. The
latest audit opinion issued by the Division of State Audit concluded that
the State Treasurer’s Investment Pool complied with accounting
principles generally accepted in the United States of America.
Investments in the State Treasurer’s Intermediate Term Investment

Fund are reported at amortized cost using a floating net asset value.
The primary oversight responsibility for the investments and
operations of the State Treasurer’s Intermediate Term Investment
Fund rests with the Funding Board of the State of Tennessee (Funding
Board). The Funding Board has established an investment policy that
is administered by the state treasurer. These policies were designed to
comply with generally accepted accounting principles. In addition, state
statutes require the state treasurer to administer the pool under the
same terms and conditions as prescribed for other funds invested by the
state treasurer. Compliance with Funding Board policies is audited by
the Tennessee Comptroller of the Treasury, Division of State Audit. The
latest audit opinion issued by the Division of State Audit concluded that
the State Treasurer’s Intermediate Term Investment Fund complied
with accounting principles generally accepted in the United States of
America. Cheatham County had no investments in the State
Treasurer’s Intermediate Term Investment Fund during the year.
37
2. Receivables and Payables
Activity between funds for unremitted current collections outstanding

at the end of the fiscal year is referred to as due to/from other funds.
All ambulance and property taxes receivable are shown with an

allowance for uncollectibles. Ambulance receivables allowance for
uncollectibles is based on historical collection data. The allowance for
uncollectible property taxes is equal to one percent of total taxes levied.
Property taxes receivable are recognized as of the date an enforceable

legal claim to the taxable property arises. This date is January 1 and is
referred to as the lien date. However, revenues from property taxes are
recognized in the period for which the taxes are levied, which is the
ensuing fiscal year. Since the receivable is recognized before the period
of revenue recognition, the entire amount of the receivable, less an
estimated allowance for uncollectible taxes, is reported as deferred
inflow of resources as of June 30.
Property taxes receivable are also reported as of June 30 for the taxes
that are levied, collected, and reported as revenue during the current
fiscal year. These property taxes receivable are presented on the
balance sheet as a deferred inflow of resources to reflect amounts not
available as of June 30. Property taxes collected within 30 days of year-
end are considered available and accrued. The allowance for
uncollectible taxes represents the estimated amount of the receivable
that will be filed in court for collection. Delinquent taxes filed in court
for collection are not included in taxes receivable since they are neither
measurable nor available.
Property taxes are levied as of the first Monday in October. Taxes

become delinquent and begin accumulating interest and penalty the
following March 1. Suit must be filed in Chancery Court between the
following February 1 to April 1 for any remaining unpaid taxes.
Additional costs attach to delinquent taxes after a court suit has been
filed.
3. Restricted Assets
Restricted assets consist of amounts held in a pension stabilization

trust by the Tennessee Consolidated Retirement System (TCRS) for the
benefit of the discretely presented Cheatham County School
Department’s Teacher Retirement Plan. The purpose of this trust is to
accumulate funds to provide stabilization (smoothing) of retirement
costs to the school system in times of fluctuating investment returns
and market downturns. These funds are held and invested by TCRS
pursuant to an irrevocable agreement and may only be used for the
benefit of the Cheatham County School Department to fund retirement
38
benefits upon approval of the TCRS Board of Directors. To date, the
Cheatham County School Department has not withdrawn any funds
from the trust to pay pension cost. Trust documents provide that the
funds are not subject to the claims of general creditors of the school
department.
4. Capital Assets
Governmental funds do not capitalize the cost of capital outlays; these

funds report capital outlays as expenditures upon acquisition.
Capital assets, which include property, plant, equipment, and

infrastructure assets (e.g., roads, bridges, and similar items) are
reported in the governmental column in the government-wide financial
statements. Capital assets are defined by the government as assets
with an initial, individual cost of $10,000 or more and an estimated
useful life of more than five years. Such assets are recorded at historical
cost or estimated historical cost if purchased or constructed. Donated
capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the
value of the asset or materially extend assets’ lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as

projects are constructed.
Property, plant, equipment, and infrastructure of the primary

government and the discretely presented school department are
depreciated using the straight-line method over the following estimated
useful lives.
Assets Years
Buildings and Improvements 20 - 40

Land Improvements 10 - 20
Other Capital Assets 5 - 15
Infrastructure 20 - 40
5. Deferred Outflows/Inflows of Resources
In addition to assets, the Statement of Net Position will sometimes

report a separate section for deferred outflows of resources. This
separate financial statement element, deferred outflows of resources,
represents a consumption of net assets that applies to a future period(s)
and so will not be recognized as an outflow of resources
(expense/expenditure) until then. The government has items that
qualify for reporting in this category. Accordingly, the items are
reported in the government-wide Statement of Net Position. These
39
items are for pension and OPEB changes in experience, pension and
OPEB changes in assumptions, pension changes in proportionate share,
and employer contributions made to the pension and OPEB plans after
the measurement date.
In addition to liabilities, the Statement of Net Position will sometimes

report a separate section for deferred inflows of resources. This separate
financial statement element, deferred inflows of resources, represents
an acquisition of net assets that applies to a future period(s) and so will
not be recognized as an inflow of resources (revenue) until that time.
The government has items that qualify for reporting in this category.
Accordingly, the items are reported in the government-wide Statement
of Net Position and the governmental funds balance sheet. These items
are from the following sources: current and delinquent property taxes,
pension and OPEB changes in experience, pension changes in
investment earnings, pension and OPEB changes in proportionate
share, OPEB changes in assumptions, and various receivables for
revenues, which do not meet the availability criteria for governmental
funds. These amounts are deferred and recognized as an inflow of
resources in the period that the amounts become available.
6. Compensated Absences
It is the county’s policy to permit employees to accumulate limited

amounts of earned but unused vacation benefits (with the exception of
the Offices of County Clerk and Trustee that do not allow the
accumulation of unused vacation). The general policy of the county
permits the unlimited accumulation of unused sick leave days. There is
no liability for unpaid accumulated sick leave (with the exception of the
highway department) since Cheatham County does not have a policy to
pay any amounts when employees separate from service with the
government.
School department employees may accumulate limited amounts of

earned but unused vacation benefits. The general policy of the school
department permits the unlimited accumulation of unused sick leave
days. The granting of vacation and sick leave has no guaranteed
payment attached and therefore is not required to be accrued or
recorded.
All vacation pay is accrued when incurred in the government-wide

financial statements for the county. A liability for vacation pay is
reported in governmental funds only if amounts have matured, for
example, as a result of employee resignations and retirements.
40
7. Long-term Debt, Lease Obligations, and Long-term Obligations
In the government-wide financial statements, long-term debt, lease

obligations, and other long-term obligations are reported as liabilities
in the applicable governmental activities Statement of Net Position.
Debt premiums and discounts are deferred and are amortized over the
life of the new debt using the straight-line method. Debt issuance costs
are expensed in the period incurred. In refunding transactions, the
difference between the reacquisition price and the net carrying amount
of the old debt is reported as a deferred outflow of resources or a
deferred inflow of resources and recognized as a component of interest
expense in a systematic and rational manner over the remaining life of
the refunded debt or the life of the new debt issued, whichever is
shorter.
In the fund financial statements, governmental funds recognize debt

premiums and discounts, as well as debt issuance costs, during the
current period. The face amount of debt issued is reported as other
financing sources. Premiums received on debt issuances are reported as
other financing sources, while discounts on debt issuances are reported
as other financing uses. Issuance costs, whether or not withheld from
the actual debt proceeds received, are reported as debt service
expenditures.
Only the matured portion (the portion that has come due for payment)
of long-term indebtedness, including bonds payable and lease
obligations, is recognized as a liability and expenditure in the
governmental fund financial statements. Liabilities and expenditures
for other long-term obligations, including compensated absences,
landfill closure/ postclosure care costs, and other postemployment
benefits, are recognized to the extent that the liabilities have matured
(come due for payment) each period.
8. Net Position and Fund Balance
In the government-wide financial statements, equity is classified as net

position and displayed in three components:
a. Net investment in capital assets – Consists of capital assets,

including restricted capital assets, net of accumulated
depreciation and reduced by the outstanding balances of any
bonds, mortgages, notes, or other borrowings that are
attributable to the acquisition, construction, or improvement of
those assets.
b. Restricted net position – Consists of net position with

constraints placed on the use either by (1) external groups such
as creditors, grantors, contributors, or laws or regulations of
41
other governments or (2) law through constitutional provisions
or enabling legislation.
c. Unrestricted net position – All other net position that does not
meet the definition of restricted or net investment in capital
assets.
The government-wide Statement of Net Position reports $20,448,469 of

restricted net position, of which $114,281 is restricted by enabling
legislation.
As of June 30, 2022, Cheatham County had $833,932 in outstanding

debt for capital purposes of the discretely presented Cheatham County
School Department. This debt is a liability of Cheatham County, but the
capital assets acquired are reported in the financial statements of the
school department. Therefore, Cheatham County has incurred a
liability significantly decreasing its unrestricted net position with no
corresponding increase in the county’s capital assets.
It is the county’s policy that restricted amounts would be reduced first

followed by unrestricted amounts when expenditures are incurred for
purposes for which both restricted and unrestricted fund balance is
available. Also, it is the county’s policy that committed amounts would
be reduced first, followed by assigned amounts, and then unassigned
amounts when expenditures are incurred for purposes for which
amounts in any of these unrestricted fund balance classifications could
be used.
In the fund financial statements, governmental funds report fund

balance in classifications that comprise a hierarchy based primarily on
the extent to which the government is bound to honor constraints on
the specific purposes for which amounts in these funds can be spent.
These classifications may consist of the following:
Nonspendable Fund Balance – includes amounts that cannot be

spent because they are either (a) not in spendable form or (b)
legally or contractually required to be maintained intact.
Restricted Fund Balance – includes amounts that have

constraints placed on the use of the resources that are either (a)
externally imposed by creditors, grantors, contributors or laws
and regulations of other governments or (b) imposed by law
through constitutional provisions or enabling legislation.
Committed Fund Balance – includes amounts that can only be

used for specific purposes pursuant to constraints imposed by
formal resolutions of the county commission, the county’s
highest level of decision-making authority and the Board of
42
Education, the school department’s highest level of decision-
making authority, and shall remain binding unless removed in
the same manner.
Assigned Fund Balance – includes amounts that are constrained

by the county’s intent to be used for specific purposes but are
neither restricted nor committed (excluding stabilization
arrangements). The county commission has by resolution
authorized the county’s Budget Committee to make assignments
for the general government. The Board of Education makes
assignments for the school department.
Unassigned Fund Balance – the residual classification of the

General and General Purpose School funds. This classification
represents fund balance that has not been assigned to other
funds and that has not been restricted, committed, or assigned
to specific purposes within the General and General Purpose
School funds.
E. Pension Plans
Primary Government
For purposes of measuring the net pension liability, deferred outflows of

resources and deferred inflows of resources related to pensions, and pension
expense, information about the fiduciary net position of Cheatham County’s
participation in the Public Employee Pension Plan of the Tennessee
Consolidated Retirement System (TCRS), and additions to/deductions from
Cheatham County’s fiduciary net position have been determined on the same
basis as they are reported by the TCRS for the Public Employee Pension Plan.
For this purpose, benefits (including refunds of employee contributions) are
recognized when due and payable in accordance with the benefit terms of the
Public Employee Pension Plan of TCRS. Investments are reported at fair value.
Discretely Presented Cheatham County School Department
For purposes of measuring the net pension liability, deferred outflows of

resources and deferred inflows of resources related to pensions, and pension
expense, information about the fiduciary net position of the Teacher
Retirement Plan and the Teacher Legacy Pension Plan in the Tennessee
Consolidated Retirement System, and additions to/deductions from fiduciary
net position have been determined on the same basis as they are reported by
the TCRS. For this purpose, benefits (including refunds of employee
contributions) are recognized when due and payable in accordance with the
benefit terms of the Teacher Retirement Plan and the Teacher Legacy Pension
Plan. Investments are reported at fair value.
43
F. Other Postemployment Benefit (OPEB) Plans
Primary Government
The primary government does not provide Other Postemployment Benefits

(OPEB) to retirees.
For purposes of measuring the net OPEB liability, deferred outflows of

resources and deferred inflows of resources related to OPEB, and OPEB
expense, have been determined on the same basis as they are reported by the
discretely presented Cheatham County School Department. For this purpose,
the school department recognizes benefit payments when due and payable in
accordance with benefit terms. The school department’s OPEB plan is not
administered through a trust.
II. RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL

STATEMENTS
A. Explanation of certain differences between the governmental fund

balance sheet and the government-wide Statement of Net Position
Primary Government
Exhibit C-2 includes explanations of the nature of individual elements of items

required to reconcile the balance sheet of governmental funds with the
government-wide Statement of Net Position.
Exhibit I-3 includes explanations of the nature of individual elements of items

required to reconcile the balance sheet of governmental funds with the
government-wide Statement of Net Position.
B. Explanation of certain differences between the governmental fund

Statement of Revenues, Expenditures, and Changes in Fund Balances
and the government-wide Statement of Activities
Primary Government
Exhibit C-4 includes explanations of the nature of individual elements of items

required to reconcile the net change in fund balances – total governmental
funds with the change in net position of governmental activities reported in
the government-wide Statement of Activities.
44
Exhibit I-5 includes explanations of the nature of individual elements of items

required to reconcile the net change in fund balances – total governmental
funds with the change in net position of governmental activities reported in
the government-wide Statement of Activities.
III. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Budgetary Information
Annual budgets are adopted on a basis consistent with generally accepted

accounting principles (GAAP) for all governmental funds except the
Constitutional Officers - Fees Fund and the school department’s Internal
School Fund (special revenue funds), which are not budgeted, and the primary
government’s Education Capital Projects Fund, which adopts project length
budgets. All annual appropriations lapse at fiscal year-end.
The county is required by state statute to adopt annual budgets. Annual

budgets are prepared on the basis in which current available funds must be
sufficient to meet current expenditures. Expenditures and encumbrances may
not legally exceed appropriations authorized by the county commission and
any authorized revisions. Unencumbered appropriations lapse at the end of
each fiscal year.
The budgetary level of control is at the major category level established by the
County Uniform Chart of Accounts, as prescribed by the Comptroller of the
Treasury of the State of Tennessee. Major categories are at the department
level (examples of General Fund major categories: County Commission, Beer
Board, County Mayor/Executive, Personnel Office, etc.). Management may
make revisions within major categories, but only the county commission may
transfer appropriations between major categories. During the year, several
supplementary appropriations were necessary.
The county's budgetary basis of accounting is consistent with GAAP, except

instances in which encumbrances are treated as budgeted expenditures. The
difference between the budgetary basis and the GAAP basis is presented on
the face of each budgetary schedule.
At June 30, 2022, Cheatham County School Department had the following
outstanding encumbrances:
45
Funds Amount
School Department:
Major Fund:
General Purpose School $ 241,464
Nonmajor Fund:
Central Cafeteria 78,512
B. Cash Shortage
The Office of Director of Schools had a cash shortage of $29,774 as of June 30,
2022. Details of this cash shortage are discussed in the Schedule of Findings
and Questioned Costs section of this report.
IV. DETAILED NOTES ON ALL FUNDS
A. Deposits and Investments
Cheatham County and the Cheatham County School Department participate

in an internal cash and investment pool through the Office of Trustee. The
county trustee is the treasurer of the county and in this capacity is responsible
for receiving, disbursing, and investing most county funds. Each fund's portion
of this pool is displayed on the balance sheets or statements of net position as
Equity in Pooled Cash and Investments. Cash reflected on the balance sheets
or statements of net position represents nonpooled amounts held separately by
individual funds.
Deposits
Legal Provisions. All deposits with financial institutions must be secured by

one of three methods. One method involves financial institutions that
participate in the bank collateral pool administered by the state treasurer.
Participating banks determine the aggregate balance of their public fund
accounts for the State of Tennessee and its political subdivisions. The amount
of collateral required to secure these public deposits must equal at least 90
percent of the average daily balance of public deposits held. Collateral
securities required to be pledged by the participating banks to protect their
public fund accounts are pledged to the state treasurer on behalf of the bank
collateral pool. The securities pledged to protect these accounts are pledged in
the aggregate rather than against each account. The members of the pool may
be required by agreement to pay an assessment to cover any deficiency. Under
this additional assessment agreement, public fund accounts covered by the
pool are considered to be insured for purposes of credit risk disclosure.
For deposits with financial institutions that do not participate in the bank
collateral pool, state statutes require that all deposits be collateralized with
collateral whose market value is equal to 105 percent of the uninsured amount
46
of the deposits. The collateral must be placed by the depository bank in an
escrow account in a second bank for the benefit of the county.
In addition, counties may invest in FDIC insured certificates of deposit. The

deposit is first made in a bank or savings and loan association, selected by the
government entity, with a branch in the state of Tennessee that is authorized
to accept county deposits (the depository bank). The depository bank then
arranges for the transfer of the moneys into one or more federally insured
banks or savings and loan associations, wherever located (secondary
depositories), for the account of the county. In turn, the depository bank
receives funds from customers of the secondary depositories equal to or greater
than the amount initially invested by the county. The balance of county funds
with each secondary depository must not exceed FDIC insurance limits so that
all funds are fully insured. Under this program, the trustee must provide the
depository bank with a listing of all banks and savings and loan associations
holding county funds under the same federal employer identification number
(FEIN). To prevent deposits from exceeding FDIC coverage, the depository
bank is prohibited from using any of those listed banks or savings and loan
associations as secondary depositories. The use of this program must be
approved by the county investment committee or finance committee as
appropriate for the specific county. Further, the investment committee or
finance committee must establish policies and procedures for the investments,
including the establishment of controls to ensure that full FDIC insurance
coverage is obtained. Service providers used by depositories must be approved
by the state treasurer upon concurrence by the commissioner of financial
institutions and finance and administration. There are currently only two
eligible programs that have been approved by the state treasurer: the
Certificate of Deposit Account Registry Service (CDARS) and the Insured Cash
Sweep (ICS), which operate through Promontory IntraFi Network, LLC.
Investments
Legal Provisions. Counties are authorized to make direct investments in

bonds, notes, or treasury bills of the U.S. government and obligations
guaranteed by the U.S. government or any of its agencies; deposits at state and
federal chartered banks and savings and loan associations; bonds of any state
or political subdivision rated A or higher by any nationally recognized rating
service; nonconvertible debt securities of certain federal government sponsored
enterprises; and the county’s own legally issued bonds or notes. These
investments may not have a maturity greater than two years. The county may
make investments with longer maturities if various restrictions set out in state
law are followed. Counties are also authorized to make investments in the
State Treasurer’s Investment Pool, the State Treasurer’s Intermediate Term
Investment Fund, and in repurchase agreements. The primary oversight
responsibility for the investments and operations of the State Treasurer’s
Investment Pool rests with the Funding Board of the State of Tennessee
(Funding Board). The Funding Board has established an investment policy
that is administered by the state treasurer. Investments in the State
47
Treasurer’s Investment Pool are reported both by the pool and the county at
amortized cost using a stable net asset value. The primary oversight
responsibility for the investments and operations of the Intermediate Term
Investment Fund rests with the Funding Board of the State of Tennessee
(Funding Board). The Funding Board has established an investment policy
that is administered by the state treasurer. Investments in the Intermediate
Term Investment Fund are reported both by the pool and the county at
amortized cost using a floating net asset value. Repurchase agreements must
be approved by the state Comptroller’s Office and executed in accordance with
procedures established by the State Funding Board. Securities purchased
under a repurchase agreement must be obligations of the U.S. government or
obligations guaranteed by the U.S. government or any of its agencies. When
repurchase agreements are executed, the purchase of the securities must be
priced at least two percent below the fair value of the securities on the day of
purchase.
Investment Balances. As of June 30, 2022, Cheatham County had the

following investments carried at amortized cost using a Stable Net Asset
Value. All investments are in the State Treasurer’s Investment Pool. Separate
disclosures concerning pooled investments cannot be made for Cheatham
County and the discretely presented Cheatham County School Department
since both pool their deposits and investments through the county trustee.
Weighted
Average Amortized
Investment Maturity Cost
State Treasurer's Investment Pool 1 to 44 days $ 9,184,006
Interest Rate Risk. Interest rate risk is the risk that changes in interest rates
will adversely affect the fair value of an investment. State statutes limit the
maturities of certain investments, as previously disclosed. Cheatham County
does not have a formal investment policy that limits investment maturities as
a means of managing its exposure to fair value losses arising from increasing
interest rates.
Credit Risk. Credit risk is the risk that an issuer or other counterparty to an
investment will not fulfill its obligations. State statutes limit the ratings of
certain investments as previously explained. Cheatham County has no
investment policy that would further limit its investment choices. As of
June 30, 2022, Cheatham County’s investment in the State Treasurer’s
Investment Pool and the State Treasurer’s Intermediate Term Investment
Fund was unrated.
Further information concerning the legal provisions, investment policies,

investment types, and credit risks for the State Treasurer’s Investment Pool
and the State Treasurer’s Intermediate Term Investment Fund can be
48
obtained by reviewing the State of Tennessee Annual Comprehensive
Financial Report at https://www.tn.gov/finance/rd-doa/fa-accfin-ar.html.
TCRS Stabilization Trust
Legal Provisions. The Cheatham County School Department is a member of

the Tennessee Consolidated Retirement System (TCRS) Stabilization Reserve
Trust. The school department has placed funds into the irrevocable trust as
authorized by statute under Tennessee Code Annotated (TCA), Title 8,
Chapters 34-37. The TCRS Board of Trustees is responsible for the proper
operation and administration of the trust. Funds of trust members are held
and invested in the name of the trust for the benefit of each member. Each
member’s funds are restricted for the payment of retirement benefits of that
member’s employees. Trust funds are not subject to the claims of general
creditors of the school department.
The trust is authorized to make investments as directed by the TCRS Board of

Trustees. The Cheatham County School Department may not impose any
restrictions on investments placed by the trust on their behalf. It is the intent
of the plan trustees to allocate these funds in the future to offset pension costs.
On June 30, 2022, the Cheatham County School Department had the following
investments held by the trust on its behalf. These funds are recognized as
restricted assets in the General Purpose School Fund of the school department.
Weighted
Average
Maturity Fair
Investment (days) Maturities Value
Investments at Fair Value:
U.S. Equity N/A N/A $ 208,004
Developed Market International Equity N/A N/A 93,937
Emerging Market International Equity N/A N/A 26,839
U.S. Fixed Income N/A N/A 134,196
Real Estate N/A N/A 67,098
Short-term Securities N/A N/A 6,710
NAV - Private Equity and Strategic Lending N/A N/A 134,195
Total $ 670,979
For further information concerning the legal provisions, investment policies,

investment types, and credit risks of the school department’s investments with
the TCRS Stabilization Reserve Trust, audited financial statements of the
Tennessee Consolidated Retirement System may be obtained at
https://comptroller.tn.gov/content/dam/cot/sa/advanced-search/disclaimer/2022/ag21066.pdf.
49
B. Capital Assets
Capital assets activity for the year ended June 30, 2022, was as follows:
Primary Government
Balance Balance
7-1-21 Increases Decreases 6-30-22
Capital Assets Not

Depreciated:
Land $ 1,913,484 $ 0 $ 0 $ 1,913,484
Intangibles 346,104 34,800 0 380,904
Construction in Progress 2,777,318 2,536,693 (331,308) 4,982,703
Total Capital Assets
Not Depreciated $ 5,036,906 $ 2,571,493 $ (331,308) $ 7,277,091
Capital Assets
Depreciated:
Buildings and
Improvements $ 21,580,240 $ 331,308 $ (10,000) $ 21,901,548
Other Capital Assets 10,209,909 544,653 (386,135) 10,368,427
Infrastructure 16,808,514 0 0 16,808,514
Depreciated $ 48,598,663 $ 875,961 $ (396,135) $ 49,078,489
Less Accumulated
Depreciation for:
Buildings and
Improvements $ 8,985,570 $ 503,278 $ (9,250) $ 9,479,598
Infrastructure 16,446,863 87,221 0 16,534,084
Total Accumulated
Depreciation $ 33,084,775 $ 1,422,962 $ (392,305) $ 34,115,432

Depreciated, Net $ 15,513,888 $ (547,001) $ (3,830) $ 14,963,057
Governmental Activities
Capital Assets, Net $ 20,550,794 $ 2,024,492 $ (335,138) $ 22,240,148
Depreciation and amortization expense was charged to functions of the

primary government as follows:
50
General Government $ 365,032

Public Safety 420,531
Public Health and Welfare 367,938
Social, Cultural, and Recreational Services 32,795
Highway/Public Works 236,666
Total Depreciation and Amortization Expense-

Governmental Activities $ 1,422,962
Net Investment in Capital Assets
Capital Assets $ 22,240,148
Less:
Outstanding principal of capital debt and other
capital borrowings (6,433,396)
Net Investment in Capital Assets $ 15,806,752
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Balance Balance
7-1-21 Increases Decreases 6-30-22
Capital Assets Not

Depreciated:
Land $ 1,660,436 $ 0 $ 0 $ 1,660,436
Construction in
Progress 1,298,026 0 (1,298,026) 0
Not Depreciated $ 2,958,462 $ 0 $ (1,298,026) $ 1,660,436
Capital Assets Depreciated:

Buildings and
Improvements $ 99,586,711 $ 5,381,071 $ 0 $ 104,967,782
Depreciated $ 109,009,711 $ 5,555,387 $ (603,890) $ 113,961,208
Less Accumulated
Depreciation for:
Buildings and
Improvements $ 57,777,345 $ 2,119,105 $ 0 $ 59,896,450
Total Accumulated
Depreciation $ 62,642,695 $ 2,660,692 $ (603,890) $ 64,699,497

Depreciated, Net $ 46,367,016 $ 2,894,695 $ 0 $ 49,261,711
Capital Assets, Net $ 49,325,478 $ 2,894,695 $ (1,298,026) $ 50,922,147
Depreciation expense was charged to the functions of the discretely presented

Cheatham County School Department as follows:
Instruction $ 1,286
Support Services 2,650,158
Operation of Non-instructional Services 9,248
Total Depreciation Expense -

Governmental Activities $ 2,660,692
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C. Interfund Transfers
Interfund transfers for the year ended June 30, 2022, consisted of the following
amounts:
Primary Government
Transfers In
Nonmajor
General Governmental
Transfers Out Fund Fund Purpose
Highway/Public Works Fund $ 0 $ 100,000 Debt retirement

Nonmajor Governmental Fund 36,043 0 DICE officer salary
" 0 70,000 Debt retirement
Total $ 36,043 $ 170,000
Transfers In
General Education
Purpose Capital
School Projects
Transfers Out Fund Fund Purpose
General Purpose School Fund $ 0 $ 317,000 Operations

Nonmajor Governmental Fund 400,000 0 "
" 489,314 0 Indirect costs
Total $ 889,314 $ 317,000
Transfers are used to move revenues from the fund that statute or budget
requires to collect them to the fund that statute or budget requires to expend
them and to use unrestricted revenues collected in the General Fund to finance
various programs accounted for in other funds in accordance with budgetary
authorizations.
53
D. Long-term Debt
Primary Government
Notes and Other Loans
Direct Borrowing and Direct Placements - Cheatham County issues other loans
to provide funds for the acquisition and construction of major capital facilities
and other capital outlay purchases, such as equipment, for the primary
government and discretely presented school department. Capital outlay notes
are also issued to fund capital facilities. Capital outlay notes, and other loans
are direct obligations and pledge the full faith, credit, and taxing authority of
the government. Capital outlay notes, and other loans outstanding were issued
for original terms of up to 11 years for notes and up to 15 years for other loans.
Repayment terms are generally structured with increasing amounts of
principal maturing as interest requirements decrease over the term of the debt.
All notes and other loans included in long-term debt as of June 30, 2022, will
be retired from the General Debt Service and Education Debt Service funds.
Capital outlay notes, and other loans outstanding as of June 30, 2022, for
governmental activities are as follows:
Original
Interest Final Amount Balance
Type Rate Maturity of Issue 6-30-22
Direct Borrowing and Direct Placement:

Capital Outlay Notes 2.68 to 4.75 % 6-1-24 $ 3,271,000 $ 618,334
Other Loans .75 to 3.58 6-1-32 12,500,980 6,648,994
In a prior year, Cheatham County entered into a loan agreement with the
Public Building Authority of the City of Clarksville. This loan agreement
provided for the authority to loan $5,000,000 to Cheatham County on an as-
needed basis for various renovation and construction projects. This loan is
repayable at a fixed interest rate of 3.58 percent.
Also in a prior year, Cheatham County entered into a loan agreement with the
Public Building Authority of the City of Clarksville. This loan agreement
provided for the authority to loan up to $2,700,000 to Cheatham County for the
construction of the highway department facility. This loan is repayable at a
fixed interest rate of 2.22 percent.
Additionally, in a prior year, Cheatham County entered into a loan agreement

with the Tennessee Energy Efficient Schools Council. This loan agreement
provided for the authority to make $5,028,918 available for loan to the
discretely presented Cheatham County School Department for energy
efficiency upgrades. This loan is repayable at a .75 percent rate of interest over
13 years.
54
The annual requirements to amortize all notes and other loans outstanding as
of June 30, 2022, including interest payments and other loan fees, are
presented in the following tables:
Year Ending Notes - Direct Placement

June 30 Principal Interest Total
2023 $ 414,334 $ 12,595 $ 426,929

2024 204,000 3,100 207,100
Total $ 618,334 $ 15,695 $ 634,029
Year Ending Other Loans - Direct Placement

2023 $ 950,584 $ 190,480 $ 1,141,064

2024 933,348 171,072 1,104,420
2025 549,000 152,968 701,968
2026 567,000 135,797 702,797
2027 585,000 118,065 703,065
2028-2032 3,064,062 302,599 3,366,661
Total $ 6,648,994 $ 1,070,981 $ 7,719,975
There is $529,786 available in the General Debt Service Fund and $7,582,161
available in the Education Debt Service Fund to service long-term debt. Total
debt per capita, including notes and other loans totaled $177, based on the
2020 federal census.
Changes in Long-term Debt
Long-term debt activity for the year ended June 30, 2022, was as follows:
Governmental Activities Other

Notes - Direct Loans - Direct
Bonds Placement Placement
Balance, July 1, 2021 $ 418,700 $ 4,308,146 $ 7,456,237

Additions 0 4,222,851 294,101
Reductions (418,700) (7,912,663) (1,101,344)
Balance, June 30, 2022 $ 0 $ 618,334 $ 6,648,994
Balance Due Within One Year $ 0 $ 414,334 $ 950,584
55
Analysis of Noncurrent Liabilities for Debt Presented on Exhibit A:
Total Noncurrent Liabilities - Debt, June 30, 2022 $ 7,267,328

Less: Due Within One Year - Debt (1,364,918)
Noncurrent Liabilities - Due in

More Than One Year - Debt - Exhibit A $ 5,902,410
E. Long-term Obligations
Changes in Long-term Obligations
Long-term obligations activity for the year ended June 30, 2022, was as follows:
Landfill
Closure/
Compensated Postclosure
Absences Care Costs
Balance, July 1, 2021 $ 916,853 $ 218,848

Additions 981,053 8,973
Reductions (1,023,674) 0
Balance, June 30, 2022 $ 874,232 $ 227,821
Balance Due Within One Year $ 305,981 $ 0
Analysis of Other Noncurrent Liabilities Presented on Exhibit A:
Total Noncurrent Liabilities - Other, June 30, 2022 $ 1,102,053

Less: Due Within One Year - Other (305,981)

More Than One Year - Other - Exhibit A $ 796,072
Compensated absences will be paid from the employing funds, primarily the
General and Highway/Public Works funds. Landfill closure/postclosure care
costs will be paid from the Solid Waste/Sanitation Fund.
Changes in Long-term Obligations
Long-term obligations activity for the discretely presented Cheatham County

School Department for the year ended June 30, 2022, was as follows:
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Other
Postemployment
Benefits
Balance, July 1, 2021 $ 7,686,506

Additions 1,531,786
Reductions (1,706,204)
Balance, June 30, 2022 $ 7,512,088
Balance Due Within One Year $ 0
Analysis of Other Noncurrent Liabilities Presented on Exhibit A:
Total Noncurrent Liabilities - Other, June 30, 2022 $ 7,512,088

Less: Due Within One Year - Other 0

More Than One Year - Other - Exhibit A $ 7,512,088
Other postemployment benefits will be paid from the employing funds,

primarily the General Purpose School Fund.
F. On-Behalf Payments – Discretely Presented Cheatham County School

Department
The State of Tennessee pays health insurance premiums for retired teachers
on-behalf of the Cheatham County School Department. These payments are
made by the state to the Local Education Group Insurance Plan. This plan is
administered by the State of Tennessee and reported in the state’s Annual
Comprehensive Financial Report. Payments by the state to the Local
Education Group Insurance Plan for the year ended June 30, 2022, totaled
$102,367. The school department has recognized these on-behalf payments as
revenues and expenditures in the General Purpose School Fund.
V. OTHER INFORMATION
A. Risk Management
Cheatham County
The county joined the Local Government Property and Casualty Fund
(LGPCF), which is a public entity risk pool established by the Tennessee
County Services Association, an association of member counties. The county
pays an annual premium to the LGPCF for its general liability, property, and
casualty insurance coverage. The creation of the LGPCF provides for it to be
self-sustaining through member premiums. The LGPCF reinsures through
57
commercial insurance companies for claims exceeding $250,000 for property
and $450,000 for liability for each insured event.
The county participates in the Tennessee Risk Management Trust (TN-RMT),

which is a public entity risk pool created under the auspices of the Tennessee
Governmental Tort Liability Act to provide governmental insurance coverage.
The county pays an annual premium to the TN-RMT for its workers’
compensation insurance coverage. The creation of the TN-RMT provides for it
to be self-sustaining through member premiums.
Employee Health Insurance
Cheatham County participates in the Local Government Group Insurance

Fund (LGGIF), a public entity risk pool established to provide a program of
health insurance coverage for employees of local governments and quasi-
governmental entities that was established for the primary purpose of
providing services for or on behalf of state and local governments. In
accordance with Section 8-27-207, Tennessee Code Annotated (TCA), all local
governments and quasi-governmental entities described above are eligible to
participate. The LGGIF is included in the Annual Comprehensive Financial
Report of the State of Tennessee, but the state does not retain any risk for
losses by this fund. The state statute provides for the LGGIF to be self-
sustaining through member premiums.
The school department participates in the Tennessee Risk Management Trust

(TN-RMT), which is a public entity risk pool created under the auspices of the
Tennessee Governmental Tort Liability Act to provide governmental insurance
coverage. The school department pays an annual premium to the TN-RMT for
its general liability, property, casualty, and workers’ compensation insurance
coverage. The creation of the TN-RMT provides for it to be self-sustaining
through member premiums.
The school department participates in the Local Education Group Insurance

Fund (LEGIF), a public entity risk pool established to provide a program of
health insurance coverage for employees of local education agencies. In
accordance with Section 8-27-301, Tennessee Code Annotated (TCA), all local
education agencies are eligible to participate. The LEGIF is included in the
Comprehensive Annual Financial Report of the State of Tennessee, but the
state does not retain any risk for losses by this fund. Section 8-27-303, TCA,
provides for the LEGIF to be self-sustaining through member premiums.
B. Accounting Changes
GASB Statement No. 87, Leases, became effective for fiscal year ending June
30, 2022. Leases should be recognized and measured using the facts and
circumstances that exist at the beginning of the period of implementation.
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GASB Statement No. 87 establishes a single approach to accounting for and
reporting leases by state and local governments. Under this statement, a
government entity that is a lessee must recognize (1) a lease liability, (2) an
intangible asset representing the lessee’s right to use the leased asset, (3)
report the amortization expense for using the lease asset over the shorter of
the term of the lease or the useful life of the underlying asset, (4) interest
expense on the lease liability and (5) note disclosures about the lease. A lessor
must recognize (1) a lease receivable (measured at the present value of lease
payments expected to be received during the lease term), (2) deferred inflow of
resources, (3) interest revenue on the lease receivable and (4) note disclosures
of leasing arrangements and the total inflows of resources recognized from
leases. This statement provides exceptions for leases of assets held as
investments, certain regulated leases, short-term leases and leases that
transfer ownership of the underlying asset. A lessor should not derecognize the
asset underlying the lease. This statement also addresses accounting for lease
terminations and modifications, sale-leaseback transactions, non-lease
components embedded in lease contracts (such as service agreements) and
leases with related parties.
GASB Statement No. 92, Omnibus 2020, became effective during the fiscal
year. This statement enhances comparability in accounting and financial
reporting and improves the consistency of authoritative literature by
addressing practice issues that have been identified during implementation
and application of certain GASB Statements. This statement addresses a
variety of topics and includes specific provision about the following:
• The effective date of GASB Statement No. 87, Leases, and Implementation
Guide No. 2019-3, Leases, for interim financial reports
• Reporting of intra-entity transfers of assets between a primary government
employer and a component unit defined benefit pension plan or defined benefit
other postemployment benefit (OPEB) plan
• The applicability of GASB Statements No. 73, Accounting and Financial
Reporting for Pensions and Related Assets That Are Not within the Scope of
GASB Statement 68, and Amendments to Certain Provisions of GASB
Statements 67 and 68, as amended, and GASB Statement No. 74, Financial
Reporting for Postemployment Benefit Plans Other Than Pension Plans, as
amended, to reporting assets accumulated for postemployment benefits
• The applicability of certain requirements of GASB Statement No. 84 to
postemployment benefit arrangements
• Measurement of liabilities (and assets, if any) related to asset retirement
obligations (AROs) in a government acquisition
• Reporting by public entity risk pools for amounts that are recoverable from
reinsurers or excess insurers
• Reference to nonrecurring fair value measurements of assets or liabilities in
authoritative literature
• Terminology used to refer to derivative instruments
GASB Statement 93, Replacement of Interbank Offered Rates, became effective
59
during the year. This statement was necessary due to the eventual ceasing of
the London Interbank Offered Rate (LIBOR) and the replacement with another
interbank offered rate (IBOR). The objective of this Statement is to address the
accounting and financial reporting effects that result from the replacement of
IBORs with other reference rates in order to preserve the reliability, relevance,
consistency, and comparability of reported information.
GASB Statement No. 97, Certain Component Unit Criteria, and Accounting
and Financial Reporting for Internal Revenue Code Section 457 Deferred
Compensation Plans (except for paragraphs 4 and 5 which became effective in
the prior fiscal year) became effective during the year. This Statement (a)
clarifies how the absence of a governing board should be considered in
determining whether a primary government is financially accountable for
purposes of evaluating potential component units and (b) modifies the
applicability of certain component unit criteria as they relate to defined
contribution pension plans, defined contribution OPEB plans, and other
employee benefit plans (for example, certain Section 457 plans). This
statement also establishes accounting and financial reporting requirements for
Section 457 plans that meet the definition of a pension plan and for benefits
provided through those plans and modifies the investment valuation
requirements for all Section 457 plans.
GASB Statement No 98, The Comprehensive Annual Financial Report, became

effective during the year. This statement replaces the terms comprehensive
annual financial report and comprehensive annual financial reports in NCGA
and GASB pronouncements with annual comprehensive financial report and
annual comprehensive financial reports, respectively. The associated
acronyms in NCGA and GASB pronouncements are replaced with ACFR and
ACFRs.
C. Contingent Liabilities
The county has received various federal and state grants and other assistance
for specific purposes that are subject to review and audit by grantor agencies.
Such audits could result in reimbursements to the grantor agencies for
expenditures disallowed under the terms of the grants. County management
is not aware of any potential disallowances and believes that reimbursements,
if any, would not be material.
The county is involved in several pending lawsuits. The county attorney

estimates that any potential claims resulting from such litigation would not
materially affect the county’s financial statements.
D. Landfill Closure/Postclosure Care Costs
Cheatham County has an active permit on file with the state Department of
Environment and Conservation for a sanitary landfill. The county has provided
financial assurances for estimated closure and postclosure liabilities as
60
required by the State of Tennessee. These financial assurances are on file with
the Department of Environment and Conservation.
State and federal laws and regulations require Cheatham County to place a
final cover on its sanitary landfill site when it stops accepting waste and to
perform certain maintenance and monitoring functions at the site for 30 years
after closure. Although closure and postclosure care costs will be paid only near
or after the date that the landfill stops accepting waste, the county reports a
portion of these closure and postclosure care costs as an operating expense in
each period based on landfill capacity used as of each balance sheet date. The
$227,821 reported as landfill closure and postclosure care liability at June 30,
2022, represents the cumulative amount reported to date based on the use of
21 percent of the estimated capacity of the landfill. The county will recognize
the remaining estimated costs of closure and postclosure care of $857,041 as
the remaining estimated capacity is filled. These amounts are based on what
it would cost to perform all closure and postclosure care in 2022. Actual costs
may be higher due to inflation, changes in technology, or changes in
regulations.
E. Joint Ventures
The Cheatham County Joint Economic and Community Development Board is

a joint venture between Cheatham County and the cities of Ashland City,
Kingston Springs, Pegram, and Pleasant View. The board comprises the county
mayor, city mayors, and thirteen additional members. The purpose of the board
is to foster communication relative to economic and community development
between and among governmental entities, industry, and private citizens. The
county and cities will provide the majority of funding for the board based on
the percentage of their population compared to the total census of the county
when financial activity begins. Cheatham County contributed $106,911 to the
Cheatham County Joint Economic and Community Development Board during
the 2021-22 year.
The Twenty-third Judicial District Drug Task Force (DTF) is a joint venture
formed by an interlocal agreement between the district attorney general of the
Twenty-third Judicial District; Cheatham, Dickson, Houston, Humphreys, and
Stewart counties; and various cities within these counties. The purpose of the
DTF is to provide multi-jurisdictional law enforcement to promote the
investigation and prosecution of drug-related activities. Funds for the
operations of the DTF come primarily from federal grants, drug fines, and the
forfeiture of drug-related assets to the DTF. The DTF is overseen by the district
attorney general and is governed by a board of directors including the district
attorney general, sheriffs, and police chiefs of participating law enforcement
agencies within each judicial district. Cheatham County did not appropriate
any funds to the operations of the DTF during the year ended June 30, 2022.
61
Cheatham County does not retain an equity interest in any of these joint
ventures. Complete financial statements for the above-noted joint ventures can
be obtained from their administrative offices at the following addresses:
Administrative Offices:
Joint Economic and Community Development Board

100 Public Square
Ashland City, TN 37015
District Attorney General

Twenty-third Judicial District Drug Task Force
P.O. Box 580
Charlotte, TN 37036
F. Jointly Governed Organizations
The Cheatham County Rail Authority was created by the county in conjunction
with Metropolitan Davidson County. The Cheatham County Rail Authority’s
board includes seven members. Five members are appointed by the Cheatham
County Commission, and two members are appointed by Metropolitan
Davidson County. Cheatham County did not appropriate any funds to the
authority for the year ended June 30, 2022. Funding sources for the Cheatham
County Rail Authority are grants, freight service fees, interest, and private
contributions.
The Ashland City Port Authority was created by the county in conjunction with
Ashland City to promote navigation on the Cumberland River. The Ashland
City Port Authority’s board includes five members. Two members are
appointed by the Cheatham County Commission, two members are appointed
by the Ashland City Council, and the fifth member is selected by the four
appointees. Funding sources for the Ashland City Port Authority are grants,
fees, and donations. Cheatham County did not appropriate any funds to the
authority for the year ended June 30, 2022.
G. Retirement Commitments
1. Tennessee Consolidated Retirement System (TCRS)
Primary Government
General Information About the Pension Plan
Plan Description. Employees of Cheatham County and non-certified

employees of the discretely presented Cheatham County School
Department are provided a defined benefit pension plan through the
Public Employee Pension Plan, an agent multiple-employer pension
plan administered by the TCRS. The primary government employees
62
comprised 63.52 percent, the non-certified employees of the discretely
presented school department comprise 36.48 percent of the plan based
on contribution data. The TCRS was created by state statute under
Tennessee Code Annotated (TCA), Title 8, Chapters 34-37. The TCRS
Board of Trustees is responsible for the proper operation and
administration of the TCRS. The Tennessee Treasury Department, an
agency in the legislative branch of state government, administers the
plans of the TCRS. The TCRS issues a publicly available financial
report that can be obtained at https://treasury.tn.gov/Retirement/Boards-
and-Governance/Reporting-and-Investment-Policies.
Benefits Provided. TCA, Title 8, Chapters 34-37 establish the benefit

terms and can be amended only by the Tennessee General Assembly.
The chief legislative body may adopt the benefit terms permitted by
statute. Members are eligible to retire with an unreduced benefit at age
60 with five years of service credit or after 30 years of service credit
regardless of age. Benefits are determined by a formula using the
member’s highest five consecutive year average compensation and the
member’s years of service credit. Reduced benefits for early retirement
are available to vested members at age 55. Members vest with five years
of service credit. Service-related disability benefits are provided
regardless of length of service. Five years of service is required for non-
service-related disability eligibility. The service-related and nonservice-
related disability benefits are determined in the same manner as a
service retirement benefit but are reduced ten percent and include
projected service credits. A variety of death benefits is available under
various eligibility criteria.
Member and beneficiary annuitants are entitled to automatic cost of

living adjustments (COLAs) after retirement. A COLA is granted each
July for annuitants retired prior to the second of July of the previous
year. The COLA is based on the change in the consumer price index
(CPI) during the prior calendar year, capped at three percent, and
applied to the current benefit. No COLA is granted if the change in the
CPI is less than one-half percent. A one percent COLA is granted if the
CPI change is between one-half percent and one percent. A member who
leaves employment may withdraw their employee contributions plus
any accumulated interest.
Employees Covered by Benefit Terms. At the measurement date of June

30, 2021, the following employees were covered by the benefit terms:
63
Inactive Employees or Beneficiaries Currently
Receiving Benefits 283
Inactive Employees Entitled to But Not Yet Receiving
Benefits 717
Active Employees 496
Total 1,496
Contributions. Contributions for employees are established in the

statutes governing the TCRS and may only be changed by the
Tennessee General Assembly. Employees contribute five percent of
salary to the plan (alternatively - employees are non-contributory).
Cheatham County makes employer contributions at the rate set by the
Board of Trustees as determined by an actuarial valuation. For the year
ended June 30, 2022, the employer contribution for Cheatham County
was $800,452 based on a rate of 4.5 percent of covered payroll. By law,
employer contributions are required to be paid. The TCRS may
intercept Cheatham County’s state shared taxes if required employer
contributions are not remitted. The employer’s actuarially determined
contributions (ADC) and member contributions are expected to finance
the costs of benefits earned by members during the year, the cost of
administration, as well as an amortized portion of any unfunded
liability.
Net Pension Liability (Asset)
Cheatham County’s net pension liability (asset) was measured as of

June 30, 2021, and the total pension liability (asset) used to calculate
net pension liability (asset) was determined by an actuarial valuation
as of that date.
Actuarial Assumptions. The total pension liability as of the June 30,

2021, actuarial valuation was determined using the following actuarial
assumptions, applied to all periods included in the measurement:
Inflation 2.25%
Salary Increases Graded Salary Ranges from 8.72%
to 3.44% Based on Age, Including
Inflation, Averaging 4%
Investment Rate of Return 6.75%, Net of Pension Plan
Investment Expenses, Including
Inflation
Cost of Living Adjustment 2.125%
Mortality rates were based on actual experience including an

adjustment for some anticipated improvement.
64
The actuarial assumptions used in the June 30, 2021, actuarial
valuation, were based on the results of an actuarial experience study
performed for the period July 1, 2016, through June 30, 2020. The
demographic assumptions were adjusted to more closely reflect actual
and expected future experience.
Changes in Assumptions. In 2021, the following assumptions were

changed: decreased inflation rate from 2.5 percent to 2.25 percent;
decreased the investment rate of return from 7.25 percent to 6.75
percent; decreased the cost-of-living adjustment from 2.25 percent to
2.125 percent; and modified mortality assumptions.
The long-term expected rate of return on pension plan investments was

established by the TCRS Board of Trustees in conjunction with the June
30, 2020, actuarial experience study. A blend of future capital market
projections and historic market returns was used in a building-block
method in which a best estimate of expected future real rates of return
(expected returns, net of pension plan investment expense and
inflation) is developed for each major asset class. These best estimates
are combined to produce the long-term expected rate of return by
weighing the expected future real rates of return by the target asset
allocation percentage and by adding expected inflation of 2.25 percent.
The best estimates of geometric real rates of return and the TCRS
investment policy target asset allocation for each major asset class are
summarized in the following table:
Percentage
Long-term
Expected Percentage
Real Rate Target
Asset Class of Return Allocations
U.S. Equity 4.88 % 31 %

Developed Market
International Equity 5.37 14
Emerging Market
Private Equity and
Strategic Lending 6.57 20
U.S. Fixed Income 1.20 20
Real Estate 4.38 10
Short-term Securities 0.00 1
Total 100 %
65
established by the TCRS Board of Trustees as 6.75 percent based on a
blending of the factors described above.
Discount Rate. The discount rate used to measure the total pension
liability was 6.75 percent. The projection of cash flows used to
determine the discount rate assumes that employee contributions will
be made at the current rate and that contributions from Cheatham
County will be made at the actuarially determined contribution rate
pursuant to an actuarial valuation in accordance with the funding
policy of the TCRS Board of Trustees and as required to be paid by state
statute. Based on those assumptions, the pension plan’s fiduciary net
position was projected to be available to make projected future benefit
payments of current active and inactive members. Therefore, the long-
term expected rate of return on pension plan investments was applied
to all periods of projected benefit payments to determine the total
pension liability.
Changes in the Net Pension Liability (Asset)
Increase (Decrease)
Net
Total Plan Pension
Pension Fiduciary Liability
Liability Net Position (Asset)
(a) (b) (a)-(b)
Balance, July 1, 2020 $ 48,913,213 $ 49,613,128 $ (699,915)
Changes for the Year:

Service Cost $ 1,391,685 $ 0 $ 1,391,685
Interest 3,563,580 0 3,563,580
Differences Between Expected
and Actual Experience (550,050) 0 (550,050)
Changes in Assumptions 4,364,704 0 4,364,704
Contributions-Employer 0 766,017 (766,017)
Contributions-Employees 0 851,456 (851,456)
Net Investment Income 0 12,704,504 (12,704,504)
Benefit Payments, Including
Refunds of Employee
Contributions (2,304,149) (2,304,149) 0
Administrative Expense 0 (43,163) 43,163
Net Changes $ 6,465,770 $ 11,974,665 $ (5,508,895)
Balance, June 30, 2021 $ 55,378,983 $ 61,587,793 $ (6,208,810)
66
Allocation of Agent Plan Changes in the Net Pension Liability (Asset)
Plan Net
Total Fiduciary Pension
Pension Net Liability
Liability Position (Asset)
Primary Government 63.52% $ 35,176,730 $ 39,120,566 $ (3,943,836)
School Department 36.48% 20,202,253 22,467,227 (2,264,974)
Total $ 55,378,983 $ 61,587,793 $ (6,208,810)
Sensitivity of the Net Pension Liability (Asset) to Changes in the

Discount Rate. The following presents the net pension liability (asset)
of Cheatham County calculated using the discount rate of 6.75 percent,
as well as what the net pension liability (asset) would be if it were
calculated using a discount rate that is one percentage point lower
(5.75%) or one percentage point higher (7.75%) than the current rate:
Current
1% Discount 1%
Decrease Rate Increase
Cheatham County 5.75% 6.75% 7.75%
Net Pension Liability (Asset) $ 1,524,965 $ (6,208,810) $ (12,578,888)
Pension Expense (Negative Pension Expense) and Deferred

Outflows of Resources and Deferred Inflows of Resources to
Pensions
Pension Expense (Negative Pension Expense). For the year ended June
30, 2022, Cheatham County recognized pension expense (negative
pension expense) of ($542,168).
Deferred Outflows of Resources and Deferred Inflows of Resources. For

the year ended June 30, 2022, Cheatham County reported deferred
outflows of resources and deferred inflows of resources related to
pensions from the following sources:
67
Deferred Deferred
Outflows Inflows
of of
Resources Resources
Difference Between Expected and

Actual Experience $ 79,550 $ 524,061
Net Difference Between Projected and
Actual Earnings on Pension Plan
Investments 0 6,777,238
Changes in Assumptions 3,491,763 0
Contributions Subsequent to the
Measurement Date of June 30, 2021 (1) 800,452 N/A
Total $ 4,371,765 $ 7,301,299
(1) The amount shown above for “Contributions Subsequent to

the Measurement Date of June 30, 2021,” will be recognized
as a reduction (increase) to net pension liability (asset) in the
subsequent fiscal period.
Allocation of Agent Plan Deferred Outflows of Resources and

Deferred Inflows of Resources
Deferred Deferred
Outflows of Inflows of
Resources Resources
Primary Government $ 2,782,809 $ 4,637,785
School Department 1,588,956 2,663,514
Total $ 4,371,765 $ 7,301,299
Amounts reported as deferred outflows of resources, with the exception

of contributions subsequent to the measurement date, and deferred
inflows of resources related to pensions will be recognized in pension
expense as follows:
68
Year Ending
June 30 Amount
2023 $ (1,006,586)
2024 (839,704)
2025 (819,821)
2026 (1,063,871)
2027 0
Thereafter 0
In the table shown above, positive amounts will increase pension

expense while negative amounts will decrease pension expense.
Non-certified Employees
Plan Description. As noted above under the primary government,

employees of Cheatham County and non-certified employees of the
discretely presented Cheatham County School Department are
provided a defined benefit pension plan through the Public Employee
Pension Plan, an agent multiple-employer pension plan administered
by the TCRS. The primary government employees comprise 63.52
percent and the non-certified employees of the discretely presented
school department comprise 36.48 percent of the plan based on
contribution data.
Certified Employees
Teacher Retirement Plan
Plan Description. Teachers of the Cheatham County School

Department with membership in the TCRS before July 1, 2014, are
provided with pensions through the Teacher Legacy Pension Plan, a
cost-sharing multiple-employer pension plan administered by the
TCRS. The Teacher Legacy Pension Plan is closed to new membership.
Teachers with membership in the TCRS after June 30, 2014, are
provided with pensions through a legally separate plan referred to as
the Teacher Retirement Plan, a cost-sharing multiple-employer pension
plan administered by the TCRS. The TCRS was created by state statute
under Tennessee Code Annotated (TCA), Title 8, Chapters 34-37. The
TCRS Board of Trustees is responsible for the proper operation and
administration of all employer pension plans in the TCRS. The
Tennessee Treasury Department, an agency in the legislative branch of
69
state government, administers the plans of the TCRS. The TCRS issues
a publicly available financial report that can be obtained at
https://treasury.tn.gov/Retirement/Boards-and-Governance/Reporting-
and-Investment-Policies.

Members are eligible to retire with an unreduced benefit at age 65 with
five years of service credit or pursuant to the rule of 90 in which the
member’s age and service credit total 90. Benefits are determined by a
formula using the member’s highest five consecutive year average
compensation and the member’s years of service credit. A reduced early
retirement benefit is available to vested members at age 60 or pursuant
to the rule of 80. Members are vested with five years of service credit.
Service-related disability benefits are provided regardless of length of
service. Five years of service is required for nonservice-related
disability eligibility. The service-related and nonservice-related
disability benefits are determined in the same manner as a service
retirement benefit but are reduced ten percent and include projected
service credits. A variety of death benefits is available under various
eligibility criteria. Member and beneficiary annuitants are entitled to
automatic cost of living adjustments (COLAs) after retirement. A COLA
is granted each July for annuitants retired prior to the second of July
of the previous year. The COLA is based on the change in the consumer
price index (CPI) during the prior calendar year, capped at three
percent, and applied to the current benefit. No COLA is granted if the
change in the CPI is less than one-half percent. A one percent COLA is
granted if the CPI change is between one-half percent and one percent.
Members who leave employment may withdraw their employee
contributions, plus any accumulated interest. Under the Teacher
Retirement Plan, benefit terms and conditions, including COLAs, can
be adjusted on a prospective basis. Moreover, there are defined cost
controls and unfunded liability controls that provide for the adjustment
of benefit terms and conditions on an automatic basis.
Contributions. Contributions for teachers are established in the

Tennessee General Assembly or by automatic cost controls set out in
law. Teachers are required to contribute five percent of their salary to
the plan. The Local Education Agencies (LEAs) make employer
contributions at the rate set by the Board of Trustees as determined by
an actuarial valuation. Per the statutory provisions governing TCRS,
the employer contribution rate cannot be less than four percent, except
in years when the maximum funded level, approved by the TCRS Board
of Trustees, is reached. By law, employer contributions for the Teacher
Retirement Plan are required to be paid. The TCRS may intercept the
state shared taxes of the sponsoring governmental entity of the LEA if
the required employer contributions are not remitted. Employer
70
contributions for the year ended June 30, 2022, to the Teacher
Retirement Plan were $200,839, which is 2.01 percent of covered
payroll. In addition, employer contributions of $187,101, which is 1.99
percent of covered payroll were made to the Pension Stabilization
Reserve Trust Fund to fund future pension costs. The employer rate,
when combined with member contributions, is expected to finance the
costs of benefits earned by members during the year, the cost of
administration, as well as an amortized portion of any unfunded
liability.
Pension Liabilities (Assets), Pension Expense (Negative

Pension Expense), and Deferred Outflows of Resources and
Deferred Inflows of Resources Related to Pensions
Pension Liabilities (Assets). At June 30, 2022, the school department

reported a liability (asset) of ($632,745) for its proportionate share of
the net pension liability (asset). The net pension liability (asset) was
measured as of June 30, 2021, and the total pension liability (asset)
used to calculate the net pension liability (asset) was determined by an
actuarial valuation as of that date. The school department’s proportion
of the net pension liability (asset) was based on the school department’s
share of contributions to the pension plan relative to the contributions
of all participating LEAs. At the measurement date of June 30, 2021,
the school department’s proportion was .584138 percent. The proportion
as of June 30, 2020, was .549238 percent.
30, 2022, the Cheatham County School Department recognized pension
expense of $82,038.

the year ended June 30, 2022, the school department reported deferred
outflows and deferred inflows of resources related to pensions from the
following sources:
71
Deferred Deferred
Outflows Inflows
of of
Resources Resources

Actual Experience $ 11,008 $ 115,779
Investments 0 364,225
Changes in Assumptions 228,225 0
Changes in Proportion of Net Pension
Liability (Asset) 61,173 16,361
LEA's Contributions Subsequent to the
Measurement Date of June 30, 2021 200,839 N/A
Total $ 501,245 $ 496,365
The school department’s employer contributions of $200,839, reported

as pension related deferred outflows of resources subsequent to the
measurement date, will be recognized as a reduction (increase) of net
pension liability (asset) in the year ending June 30, 2023. Other
amounts reported as deferred outflows of resources and deferred inflows
of resources related to pensions will be recognized in pension expense
as follows:
Year Ending
June 30 Amount
2023 $ (74,802)
2024 (72,809)
2025 (72,241)
2026 (81,406)
2027 15,742
Thereafter 89,557

72
Inflation 2.25%
Inflation
Mortality rates were based on actual experience including an

adjustment for some anticipated improvement.

valuation were based on the results of an actuarial experience study

(expected returns, net of pension plan investments expense and
73
Percentage
Long-term
Expected Percentage
Real Rate Target
U.S. Equity 4.88 % 31 %

Developed Market
Emerging Market
Private Equity and
Real Estate 4.38 10
Total 100 %

be made at the current rate and that contributions from Cheatham
pension liability.

74
School Department's Current
Proportionate Share of 1% Discount 1%
the Net Pension Decrease Rate Increase
Liability (Asset) 5.75% 6.75% 7.75%
Net Pension Liability (Asset) $ 217,521 $ (632,745) $ (1,259,847)
Pension Plan Fiduciary Net Position. Detailed information about the

pension plan’s fiduciary net position is available in a separately issued
TCRS financial report.
Teacher Legacy Pension Plan
Plan Description. Teachers of the Cheatham County School

Department with membership in the TCRS before July 1, 2014, are
provided with pensions through the Teacher Legacy Pension Plan, a
cost-sharing multiple-employer pension plan administered by the
TCRS. The Teacher Legacy Pension Plan closed to new membership on
June 30, 2014, but will continue providing benefits to existing members
and retirees. Beginning July 1, 2014, the Teacher Retirement Plan
became effective for teachers employed by LEAs after June 30, 2014.
The Teacher Retirement Plan is a separate cost-sharing, multiple-
employer defined benefit plan. The TCRS was created by state statute
under Tennessee Code Annotated (TCA), Title 8, Chapters 34-37. The
TCRS Board of Trustees is responsible for the proper operation and
administration of all employer pension plans in the TCRS. The
Tennessee Treasury Department, an agency in the legislative branch of
state government, administers the plans of the TCRS. The TCRS issues
a publicly available financial report that can be obtained at
https://treasury.tn.gov/Retirement/Boards-and-Governance/Reporting-
and-Investment-Policies.

Members of the Teacher Legacy Pension Plan are eligible to retire with
an unreduced benefit at age 60 with five years of service credit or after
30 years of service credit regardless of age. Benefits are determined by
a formula using the member’s highest five consecutive year average
compensation and the member’s years of service credit. A reduced early
retirement benefit is available to vested members at age 55. Members
are vested with five years of service credit. Service-related disability
benefits are provided regardless of length of service. Five years of
service is required for nonservice-related disability eligibility. The
service-related and nonservice-related disability benefits are
determined in the same manner as a service retirement benefit but are
reduced ten percent and include projected service credits. A variety of
75
death benefits is available under various eligibility criteria. Member
and beneficiary annuitants are entitled to automatic cost of living
adjustments (COLAs) after retirement. A COLA is granted each July
for annuitants retired prior to the second of July of the previous year.
The COLA is based on the change in the consumer price index (CPI)
during the prior calendar year, capped at three percent, and applied to
the current benefit. No COLA is granted if the change in the CPI is less
than one-half percent. A one percent COLA is granted if the CPI change
is between one-half and one percent. A member who leaves employment
may withdraw their employee contributions, plus any accumulated
interest.
Contributions. Contributions for teachers are established in the

Tennessee General Assembly. Teachers are required to contribute five
percent of their salaries. The Local Education Agencies (LEAs) make
employer contributions at the rate set by the Board of Trustees as
determined by an actuarial valuation. By law, employer contributions
for the Teacher Legacy Pension Plan are required to be paid. The TCRS
may intercept the state shared taxes of the sponsoring governmental
entity of the LEA if the required employer contributions are not
remitted. Employer contributions by the Cheatham County School
Department for the year ended June 30, 2022, to the Teacher Legacy
Pension Plan were $1,633,803, which is 10.3 percent of covered payroll.
The employer rate, when combined with member contributions, is
expected to finance the costs of benefits earned by members during the
year, the cost of administration, as well as an amortized portion of any
unfunded liability.
Pension Liabilities (Assets), Pension Expense (Negative

Pension Expense), and Deferred Outflows of Resources and
Deferred Inflows of Resources Related to Pensions
Pension Liability (Assets). At June 30, 2022, the school department

reported a liability (asset) of ($21,153,201) for its proportionate share of
the net pension liability (asset). The net pension liability (asset) was
measured as of June 30, 2021, and the total pension liability used to
calculate the net pension liability (asset) was determined by an
actuarial valuation as of that date. The school department’s proportion
of the net pension liability (asset) was based on the school department’s
long-term share of contributions to the pension plan relative to the
contributions of all participating LEAs. At the measurement date of
June 30, 2021, the school department’s proportion was .490425 percent.
The proportion measured at June 30, 2020, was .509691 percent.
30, 2022, the school department recognized pension expense (negative
pension expense) of ($3,235,360).
76
the year ended June 30, 2022, the school department reported deferred
outflows of resources and deferred inflows of resources related to
pensions from the following sources:
Deferred Deferred
Outflows Inflows
of of
Resources Resources

Actual Experience $ 71,086 $ 1,764,246
Changes in Assumptions 5,651,782 0
Investments 0 16,869,205
Changes in Proportion of Net Pension
Liability (Asset) 132,522 7,688
LEA's Contributions Subsequent to the
Measurement Date of June 30, 2021 1,633,803 N/A
Total $ 7,489,193 $ 18,641,139
The school department’s employer contributions of $1,633,803 reported

as pension related deferred outflows of resources subsequent to the
measurement date, will be recognized as a reduction (increase) to the
net pension liability (asset) in the year ending June 30, 2023. Other
amounts reported as deferred outflows of resources and deferred inflows
of resources related to pensions will be recognized in pension expense
as follows:
Year Ending
June 30 Amount
2023 $ (3,024,436)
2024 (2,857,198)
2025 (2,351,602)
2026 (4,552,513)
2027 0
Thereafter 0
In the table above, positive amounts will increase pension expense,

while negative amounts will decrease pension expense.

77
Inflation 2.25%
Inflation
Mortality rates are based on actual experience including an adjustment

for some anticipated improvement.

valuation were based on the results of an actuarial experience study

(expected returns, net of pension plan investments expense and
78
Percentage
Long-term
Expected Percentage
Real Rate Target
U.S. Equity 4.88 % 31 %

Developed Market
Emerging Market
Private Equity and
Real Estate 4.38 10
Total 100 %

be made at the current rate and that contributions from all Cheatham
pension liability.

79
School Department's Current
Proportionate Share of 1% Discount 1%
the Net Pension Decrease Rate Increase
Liability (Asset) 5.75% 6.75% 7.75%
Net Pension Liability (Asset) $ (3,764,558) $ (21,153,201) $ (35,624,020)
Pension Plan Fiduciary Net Position. Detailed information about the

pension plan’s fiduciary net position is available in a separately issued
TCRS financial report.
2. Deferred Compensation
Primary Government
Cheatham County offers its employees a deferred compensation plan,

established pursuant to IRC Section 401(k). All costs of administering
and funding this program is the responsibility of plan participants. The
Section 401(k) plan assets remain the property of the contributing
employees and are not presented in the accompanying financial
statements. IRC Section 401(k) establishes participation, contribution,
and withdrawal provisions for the plan.
The Cheatham County School Department offers its employees two

deferred compensation plans, one established pursuant to IRC Section
403(b) and the other pursuant to IRC Section 401(k). All costs of
administering and funding these programs are the responsibility of
plan participants. The Sections 403(b) and 401(k) plan assets remain
the property of the contributing employees and are not presented in the
accompanying financial statements. IRC Sections 403(b) and 401(k)
establish participation, contribution, and withdrawal provisions for the
plan.
Teachers hired after July 1, 2014, by the school department are

required to participate in a hybrid pension plan consisting of a defined
benefit portion, which is detailed in the pensions footnote above and is
managed by the Tennessee Consolidated Retirement System, and a
defined contribution portion which is placed into the state’s 401(k) plan
and is managed by the employee. The defined contribution portion of
the plan requires that the school department contribute five percent of
each teacher’s salary into their deferred compensation plan. In
addition, teachers are required to contribute two percent of their
salaries into this deferred compensation plan, unless they opt out of the
employee portion. During the year, the school department contributed
$499,043 and teachers contributed $460,148 to this deferred
compensation pension plan.
80
H. Other Postemployment Benefits (OPEB)
Primary Government
During the previous year, Cheatham County elected to discontinue Other

Postemployment Benefits (OPEB) to retirees.
The Cheatham County School Department provides OPEB benefits to its

retirees through a state administered public entity risk pool. For reporting
purposes, the plan is considered a single employer defined benefit OPEB plan
based on criteria in Statement No. 75 of the Governmental Accounting
Standards Board (GASB). The plan is funded on a pay-as-you-go basis and
there are no assets accumulating in a trust that meets the criteria of paragraph
4 of GASB Statement No. 75.
OPEB Provided Through State Administered Public Entity Risk Pool
Retirees of Cheatham County School Department are provided healthcare

benefits under the Local Education Plan (LEP) until they reach Medicare
eligibility. The certified retirees of Cheatham County School Department may
then join The Tennessee Plan – Medicare (TNM), which provides supplemental
medical insurance for retirees with Medicare. However, the school department
does not provide any subsidy (direct or indirect) to this plan and therefore does
not recognize any OPEB liability associated with the TNM.
The school department’s total OPEB liability for each plan was measured as of
June 30, 2021, and was determined by an actuarial valuation as of that date.
Actuarial Assumptions and Other Inputs. The total OPEB liability in the June
30, 2021, actuarial valuation of each plan was determined using the following
actuarial assumptions and other inputs, applied to all periods included in the
measurement, unless otherwise specified:
81
Actuarial Cost Method Entry Age Normal
Inflation 2.25%
Salary Increases Salary increases used in the July 1, 2021,
TCRS actuarial valuation; 3.44%
to 8.72%, including inflation
Discount Rate 2.16%
Healthcare Cost Trend Rates Based on the Getzen Model, with trend
starting at 7.36% for pre-65 retirees in the
2022 calendar year, and decreasing annually
over a 10-year period to an ultimate trend
rate of 4.5%
Retirees Share of Benefit
Related Cost Discussed under each plan
The discount rate was 2.16 percent, based on the daily rate of Bond Buyer 20-
Year Municipal GO AA index closest to but not later than the measurement
date.
Mortality rates were based on the results of a statewide experience study

undertaken on behalf of the Tennessee Consolidated Retirement System
(TCRS). These mortality rates were used in the July 1, 2021, actuarial
valuation of the TCRS.
Unless noted otherwise, the actuarial demographic assumptions used in the

June 30, 2021, valuations were the same as those employed in the July 1, 2020,
Pension Actuarial Valuation of the Tennessee Consolidated Retirement
System (TCRS). These assumptions were developed by TCRS based on the
results of an actuarial experience study for the period July 1, 2016 - June 30,
2020. The demographic assumptions were adjusted to more closely reflect
actual and expected future experience. Mortality tables are used to measure
the probabilities of participants dying before and after retirement. The
mortality rates employed in this valuation are taken from the PUB-2010
Headcount-Weighted Employee mortality table for General Employees for non-
disabled pre-retirement mortality, with mortality improvement projected
generationally with MP-2020 from 2010. Post-retirement tables for non-
teachers are Headcount-Weighted Below Median Healthy Annuitant and
adjusted with a 6% to load for males and a 14% load for females, projected
generationally from 2010 with MP-2020. Post-retirement tables for teachers
are Headcount-Weighted Below Median Healthy Annuitant and adjusted with
a 19 to load for males and a 18% load for females, projected generationally from
2010 with MP-2020. Mortality rates for impaired lives are the same as those
used by TCRS and are taken from a gender distinct table published in the IRS
Ruling 96-7 for disabled lives with a 10% load, projected generationally from
2018 with MP-2020.
Changes in Assumptions. The discount rate changed from 2.21 percent as of

the beginning of the measurement period to 2.16 percent as of the
82
measurement date of June 30, 2021. This change in assumption increased the
total OPEB liability. Other changes in assumptions include adjustments to
initial per capita costs and health trend rates. The trend rate applicable to the
2021 plan year was revised from 9.02 percent to 7.36 percent. The assumed
long term inflation rate was changed from 2.1 percent to 2.25 percent.
Closed Local Education (LEP) OPEB Plan (Discretely Presented

School Department)
Plan Description. Employees of the Cheatham County School Department who

were hired prior to July 1, 2015, are provided with pre-65 retiree health
insurance benefits through the closed Local Education Plan (LEP)
administered by the Tennessee Department of Finance and Administration.
All eligible pre-65 retired teachers, support staff, and disability participants of
local education agencies, who choose coverage, participate in the LEP. This
plan is closed to the employees of all participating employers that were hired
on or after July 1, 2015.
Benefits Provided. The Cheatham County School Department offers the LEP
to provide health insurance coverage to eligible pre-65 retirees, support staff,
and disabled participants of local education agencies. Retirees are required to
discontinue coverage under the LEP upon obtaining Medicare eligibility.
Insurance coverage is the only postemployment benefit provided to retirees.
An insurance committee created in accordance with TCA 8-27-301 establishes
and amends the benefit terms of the LEP. All members have the option of
choosing between the premier preferred provider organization (PPO), standard
PPO, limited PPO or the wellness health savings consumer-driven health plan
(CDHP) for healthcare benefits. Retired plan members of the LEP receive the
same plan benefits as active employees at a blended premium rate that
considers the cost of all participants. This creates an implicit subsidy for
retirees. Participating employers determine their own policy related to direct
subsidies provided for retiree premiums. During the year, for certified
employees with 30 years of Tennessee Consolidated Retirement System service
with at least 20 years of service with the school department at any age or for
certified employees with at least 20 years of service with the school department
and age 55, a direct subsidy of 100 percent of the premium is provided for
employee only or employee plus spouse coverage of the insurance plan selected
by the retiree, until the retiree becomes Medicare eligible. No direct subsidy is
provided for non-certified employees. The state, as a governmental non-
employer contributing entity, provides a direct subsidy for eligible retiree’s
premiums based on years of service. Therefore, retirees with 30 or more years
of service will receive 45 percent; 20 but less than 30 years, 35 percent; and
less than 20 years, 25 percent of the scheduled premium. No subsidy is
provided for enrollees of the health savings CDHP.
83
Employees Covered by Benefit Terms
At the measurement date of June 30, 2021, the following employees were
covered by the benefit terms:
School
Department
Inactive Employees Currently Receiving

Benefit Payments 25
Inactive Employees Entitled To But Not Yet
Receiving Benefit Payments 0
Active Employees Eligible For Benefits 469
Total 494
A state insurance committee, created in accordance with TCA 8-27-301,

establishes the required payments to the LEP by member employers and
employees through the blended premiums established for active and retired
employees. Claims liabilities of the plan are periodically computed using
actuarial and statistical techniques to establish premium rates.
Administrative costs are allocated to plan participants. Employers contribute
towards employee costs based on their own developed policies. During the
current reporting period, the school department paid $262,264 to the LEP for
OPEB benefits as they came due.
Changes in the Collective Total OPEB Liability – As of the Measurement Date
Share of Collective Liability

Cheatham County State of
School Department TN Total OPEB
72.01% 27.99% Liability
Balance July 1, 2020 $ 7,686,506 $ 2,683,735 $ 10,370,241

Changes for the Year:
Service Cost $ 425,774 $ 165,497 $ 591,271
Interest 171,544 66,679 238,223
Changes in
Benefit Terms (76,805) (29,854) (106,659)
Difference between
Expected and Actual
Experience 63,372 24,632 88,004
Changes in Proportion (218,729) 218,729 0
Changes in Assumption
and Other Inputs (275,741) (107,180) (382,921)
Benefit Payments (263,833) (102,551) (366,384)
Net Changes $ (174,418) $ 235,952 $ 61,534
Balance June 30, 2021 $ 7,512,088 $ 2,919,687 $ 10,431,775
84
The Cheatham County School Department has a special funding situation
related to benefits paid by the State of Tennessee for its eligible retired
employees participating in the LEP. The Cheatham County School
Department's proportionate share of the collective total OPEB liability was
based on a projection of the employer’s long-term share of benefit payments to
the OPEB plan relative to the projected share of benefit payments of all
participating employers and nonemployer contributing entities, actuarially
determined. The school department recognized $155,543 in revenue for
subsidies provided by nonemployer contributing entities for benefits paid by
the LEP for school department retirees.
During the year, the Cheatham County School Department’s proportionate

share of the collective OPEB liability was 72.01 percent and the State of
Tennessee’s share was 27.99 percent.
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of

Resources. For the year ended June 30, 2022, the school department recognized
OPEB expense of $346,413, including the state’s share of the expense. At June
30, 2022, the school department reported deferred outflows of resources and
deferred inflows of resources related to its proportionate share of OPEB from
the following sources:
Deferred Deferred
Outflows Inflows
of of
Resources Resources

Actual Experience $ 56,688 $ 1,955,858
Changes of Assumptions/Inputs 866,538 863,755
Changes in Proportion and Differences
Between Amounts Paid as Benefits Came
Due and Proportionate Share Amounts
Paid by the Employer and Nonemployer
Contributors As Benefits Came Due 0 460,417
Benefits Paid After the Measurement Date
of June 30, 2021 262,264 0
Total $ 1,185,490 $ 3,280,030
The amount shown above for “Benefits Paid After the Measurement Date” will
be recognized as a reduction to OPEB liability in the following measurement
period.
Amounts reported as deferred inflows and deferred outflows of resources

(excluding benefits paid after the measurement date) related to OPEB will be
recognized in OPEB expense as follows:
85
Year Ending School
June 30 Department
2023 $ (329,655)
2024 (329,655)
2025 (329,655)
2026 (329,655)
2027 (329,655)
Thereafter (708,529)
In the table shown above, positive amounts will increase OPEB expense while
negative amounts will decrease OPEB expense.
Sensitivity of Proportionate Share of the Collective Total OPEB Liability to

Changes in the Discount Rate. The following presents the school department’s
proportionate share of the collective total OPEB liability related to the LEP,
as well as what the proportionate share of the collective total OPEB liability
would be if it were calculated using a discount rate that is one percentage point
lower or one percentage point higher than the current discount rate.
Discount Rate Current

1% Discount 1%
Decrease Rate Increase
1.16% 2.16% 3.16%
Proportionate Share of the

Collective Total OPEB
Liability $ 8,085,841 $ 7,512,088 $ 6,963,148
Sensitivity of Proportionate Share of the Collective Total OPEB Liability to

Changes in the Healthcare Cost Trend Rate. The following presents the school
department’s proportionate share of the collective total OPEB liability related
to the LEP, as well as what the proportionate share of the collective total OPEB
liability would be if it were calculated using a healthcare cost trend rate that
is one percentage point lower or one percentage point higher than the current
healthcare cost trend rate.
Healthcare Cost Trend Rate

1% Curent 1%
Decrease Rates Increase
6.36 to 3.5% 7.36 to 4.5% 8.36 to 5.5%
Proportionate Share of the

Collective Total OPEB
Liability $ 6,634,064 $ 7,512,088 $ 8,551,478
86
I. Office of Central Accounting and Budgeting
Office of Director of Accounts and Budgets
Cheatham County operates under the provisions of the Fiscal Control Acts of
1957. These acts provide for a central system of accounting and budgeting
covering all funds administered by the county mayor and road superintendent.
These funds are maintained in the Office of Central Accounting and Budgeting
under the supervision of the director of accounts and budgets.
J. Purchasing Laws
Offices of County Mayor and Road Superintendent
Purchasing procedures for these offices are governed by Chapter 250, Private
Acts of 1933, as amended, and the County Purchasing Law of 1983, Sections
5-14-201 through 5-14-206, Tennessee Code Annotated (TCA). Purchasing
procedures for the highway department are also governed by the Uniform Road
Law, Section 54-7-113, TCA. Chapter 250, Private Acts of 1933, as amended,
provides for the establishment of a Purchasing Commission whose
responsibility is to establish guidelines for bid requirements and purchasing
procedures and to keep a record of all purchases. The County Purchasing Law of
1983 provide for purchases exceeding $10,000 and the Uniform Road Law for
purchases exceeding $25,000 to be made after public advertisement and
solicitation of competitive bids.
Office of Director of Schools
Purchasing procedures for the discretely presented Cheatham County School

Department are governed by purchasing laws applicable to schools as set forth
in Section 49-2-203, TCA, which provides for the Board of Education, through
its executive committee (director of schools and chairman of the Board of
Education), to make all purchases. This statute also requires competitive bids
to be solicited through newspaper advertisement on all purchases exceeding
$25,000.
K. Subsequent Events
On August 31, 2022, Margie Jarrell left the Office of Trustee and was
succeeded by Cindy Perry, Teresa Gupton left the Office of County Clerk and
was succeeded by Abby Short, Julie Hibbs left the Office of Circuit and General
Sessions Courts Clerk and was succeeded by Holly Waller, Patrick Smith left
the Office of Register of Deeds and was succeeded by Chrissy Henderson, and
Mike Breedlove left the Office of Sheriff and was succeeded by Tim Binkley.
87
REQUIRED SUPPLEMENTARY
INFORMATION
88
Exhibit E-1

Schedule of Changes in Net Pension Liability (Asset) and Related Ratios Based on
Participation in the Public Employee Pension Plan of TCRS
Primary Government
For the Fiscal Year Ended June 30
2014 2015 2016 2017 2018 2019 2020 2021
Total Pension Liability

Service Cost $ 994,390 $ 1,030,792 $ 1,076,461 $ 1,326,246 $ 1,342,607 $ 1,408,168 $ 1,353,571 $ 1,391,685
Interest 2,433,946 2,539,278 2,726,187 2,899,334 3,034,858 3,183,085 3,367,035 3,563,580
Differences Between Actual and Expected Experience (596,410) 470,051 (41,287) (307,635) (396,224) (11,941) 132,584 (550,050)
Changes in Assumptions 0 0 0 1,200,027 0 0 0 4,364,704
Benefit Payments, Including Refunds of Employee Contributions (1,367,699) (1,560,128) (1,627,200) (1,777,849) (2,086,172) (1,918,413) (2,056,530) (2,304,149)
Net Change in Total Pension Liability $ 1,464,227 $ 2,479,993 $ 2,134,161 $ 3,340,123 $ 1,895,069 $ 2,660,899 $ 2,796,660 $ 6,465,770
Total Pension Liability, Beginning 32,142,081 33,606,308 36,086,301 38,220,462 41,560,585 43,455,654 46,116,553 48,913,213
Total Pension Liability, Ending (a) $ 33,606,308 $ 36,086,301 $ 38,220,462 $ 41,560,585 $ 43,455,654 $ 46,116,553 $ 48,913,213 $ 55,378,983
Plan Fiduciary Net Position

Contributions - Employer $ 761,356 $ 783,645 $ 853,253 $ 688,582 $ 702,299 $ 708,919 $ 763,185 $ 766,017
Contributions - Employee 664,687 675,582 824,416 766,366 812,767 806,510 855,148 851,456
Net Investment Income 5,122,155 1,109,859 983,896 4,295,328 3,462,067 3,323,785 2,355,958 12,704,504
Benefit Payments, Including Refunds of Employee Contributions (1,367,699) (1,560,128) (1,627,200) (1,777,849) (2,086,172) (1,918,413) (2,056,530) (2,304,149)
Administrative Expense (16,751) (21,907) (36,940) (41,241) (46,638) (43,331) (43,987) (43,163)
Other 0 0 13,205 5,059 0 0 0 0
Net Change in Plan Fiduciary Net Position $ 5,163,748 $ 987,051 $ 1,010,630 $ 3,936,245 $ 2,844,323 $ 2,877,470 $ 1,873,774 $ 11,974,665
Plan Fiduciary Net Position, Beginning 30,919,887 36,083,635 37,070,686 38,081,316 42,017,561 44,861,884 47,739,354 49,613,128
Plan Fiduciary Net Position, Ending (b) $ 36,083,635 $ 37,070,686 $ 38,081,316 $ 42,017,561 $ 44,861,884 $ 47,739,354 $ 49,613,128 $ 61,587,793
Net Pension Liability (Asset), Ending (a - b) $ (2,477,327) $ (984,385) $ 139,146 $ (456,976) $ (1,406,230) $ (1,622,801) $ (699,915) $ (6,208,810)
Plan Fiduciary Net Position as a Percentage of Total Pension Liability 107.37% 102.73% 99.64% 101.10% 103.24% 103.52% 101.43% 111.21%
Covered Payroll $ 13,264,064 $ 13,500,247 $ 14,757,795 $ 15,301,756 $ 15,606,602 $ 15,753,709 $ 16,959,629 $ 17,022,551
Net Pension Liability (Asset) as a Percentage of Covered Payroll 18.68% (7.29)% 0.94% (2.99)% (9.01)% (10.30)% (4.13)% (36.47)%
Note 1: Ten years of data will be presented when available.
Note 2: The agent plan is a single plan reported under one account with the Tennessee Consolidated Retirement System. This plan covers
employees of the primary government and non-certified employees of the discretely presented school department.
89
Exhibit E-2

Schedule of Contributions Based on Participation in the Public
Employee Pension Plan of TCRS
Primary Government
2014 2015 2016 2017 2018 2019 2020 2021 2022
Actuarially Determined Contribution $ 761,356 $ 789,869 $ 853,253 $ 460,583 $ 497,851 $ 598,643 $ 663,123 $ 665,584 $ 800,452
Less: Contributions in Relation to the
Actuarially Determined Contribution (761,356) (789,869) (853,253) (688,582) (702,299) (708,919) (763,185) (766,017) (800,452)
Contribution Deficiency (Excess) $ 0 $ 0 $ 0 $ (227,999) $ (204,448) $ (110,276) $ (100,062) $ (100,433) $ 0
Covered Payroll $ 13,264,064 $ 11,444,154 $ 14,757,795 $ 15,301,756 $ 15,606,602 $ 15,743,140 $ 16,959,629 $ 17,022,551 $ 17,174,755
Contributions as a Percentage of
Covered Payroll 5.74% 6.90% 5.78% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%
Note 2: The agent plan is a single plan reported under one account with the Tennessee Consolidated Retirement System. This plan covers employees of
the primary government and non-certified employees of the discretely presented school department.
90
Exhibit E-3

Retirement Plan of TCRS
2015 2016 2017 2018 2019 2020 2021 2022
Contractually Required Contribution $ 75,998 $ 154,627 $ 195,302 $ 90,339 $ 116,035 $ 140,698 $ 170,294 $ 200,839
Contractually Required Contribution (75,998) (154,627) (195,302) (221,589) (116,035) (140,698) (170,294) (200,839)
Contribution Deficiency (Excess) $ 0 $ 0 $ 0 $ (131,250) $ 0 $ 0 $ 0 $ 0
Covered Payroll $ 1,899,954 $ 3,865,635 $ 4,882,503 $ 5,539,677 $ 5,981,165 $ 6,930,929 $ 8,430,410 $ 9,992,014
Contributions as a Percentage of Covered Payroll 4.00% 4.00% 4.00% 4.00% 1.94% 2.03% 2.02% 2.01%
Note: Ten years of data will be presented when available.
91
Exhibit E-4

Legacy Pension Plan of TCRS
2014 2015 2016 2017 2018 2019 2020 2021 2022
Contractually Required Contribution $ 1,952,735 $ 1,741,942 $ 1,823,573 $ 1,751,072 $ 1,706,416 $ 1,872,310 $ 1,803,256 $ 1,653,119 $ 1,633,803
Contractually Required Contribution (1,952,735) (1,741,942) (1,823,573) (1,751,072) (1,706,416) (1,872,310) (1,803,256) (1,653,119) (1,633,803)
Contribution Deficiency (Excess) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Covered Payroll $ 21,990,227 $ 24,363,448 $ 20,172,257 $ 19,370,255 $ 18,793,094 $ 17,899,701 $ 16,963,814 $ 16,096,591 $ 15,862,155
Contributions as a Percentage of Covered Payroll 8.88% 7.15% 9.04% 9.04% 9.08% 10.46% 10.63% 10.27% 10.30%
92
Exhibit E-5

Schedule of Proportionate Share of the Net Pension Liability (Asset)
in the Teacher Retirement Plan of TCRS
2015 2016 2017 2018 2019 2020 2021
School Department's Proportion of the Net

Pension Liability (Asset) 0.914423% 0.878553% 0.743905% 0.633922% 0.565219% 0.549238% 0.584138%
School Department's Proportionate Share of the Net

Pension Liability (Asset) $ (36,787) $ (91,460) $ (196,268) $ (287,501) $ (319,058) $ (312,320) $ (632,745)
Covered Payroll $ 1,899,954 $ 3,865,635 $ 4,882,503 $ 5,539,677 $ 5,981,165 $ 6,930,929 $ 8,430,410
School Department's Proportionate Share of the Net Pension

Liability (Asset) as a Percentage of its Covered Payroll (1.94)% (2.37)% (4.02)% (5.19)% (5.33)% (4.51)% (7.51)%
Plan Fiduciary Net Position as a Percentage of the Total

Pension Liability (Asset) 127.46% 121.88% 126.81% 126.97% 123.07% 116.52% 121.53%
93
Exhibit E-6

Schedule of Proportionate Share of the Net Pension Liability (Asset)
in the Teacher Legacy Pension Plan of TCRS
2014 2015 2016 2017 2018 2019 2020 2021
School Department's Proportion of the Net

Pension Liability (Asset) 0.560263% 0.514737% 0.558820% 0.547964% 0.536690% 0.533819% 0.509691% 0.490425%
School Department's Proportionate Share of the Net

Pension Liability (Asset) $ (91,040) $ 210,854 $ 3,492,313 $ (179,285) $ (1,888,566) $ (5,488,618) $ (3,886,770) $ (21,153,201)
Covered Payroll $ 21,990,262 $ 19,269,280 $ 20,172,257 $ 19,370,255 $ 18,793,094 $ 17,899,701 $ 16,963,814 $ 16,096,591
School Department's Proportionate Share of the Net Pension

Liability (Asset) as a Percentage of its Covered Payroll (0.414002)% 1.094250% 17.31% (0.93)% (10.05)% (30.66)% (22.91)% (131.41)%
Plan Fiduciary Net Position as a Percentage of the Total

Pension Liability (Asset) 100.08% 99.81% 97.14% 100.14% 101.49% 104.28% 103.09% 116.13%
94
Exhibit E-7

Schedule of Changes in the Total OPEB Liability and Related Ratios - Local Education Plan
2017 2018 2019 2020 2021

Total OPEB Liability
Service Cost $ 740,981 $ 686,765 $ 671,588 $ 576,820 $ 591,271
Interest 350,971 424,681 416,834 393,298 238,223
Changes in Benefit Terms 0 164,860 1,291,974 (1,182,240) (106,659)
Differences Between Actual and Expected Experience 0 (1,639,614) (1,329,176) (925,101) 88,004
Changes in Assumptions or Other Inputs (578,401) 521,547 (774,164) 1,096,489 (382,921)
Benefit Payments (531,181) (568,083) (551,934) (430,827) (366,384)
Net Change in Total OPEB Liability $ (17,630) $ (409,844) $ (274,878) $ (471,561) $ 61,534
Total OPEB Liability, Beginning 11,544,154 11,526,524 11,116,680 10,841,802 10,370,241
Total OPEB Liability, Ending $ 11,526,524 $ 11,116,680 $ 10,841,802 $ 10,370,241 $ 10,431,775
Nonemployer Contributing Entity Proportionate Share of the Total OPEB Liability $ 2,702,555 $ 2,768,287 $ 2,758,176 $ 2,683,735 $ 2,919,687
Employer Proportionate Share of the Total OPEB Liability 8,823,969 8,348,393 8,083,626 7,686,506 7,512,088
Covered Employee Payroll $ 31,065,306 $ 30,216,978 $ 30,123,671 $ 30,737,511 $ 30,737,511

Net OPEB Liability as a Percentage of Covered Employee Payroll 28.4% 27.6% 26.8% 25.0% 24.4%
Note 2: Changes in assumptions.

(a) The following are the discount rates used in each period:
2016 2.92%
2017 3.56%
2018 3.62%
2019 3.51%
2020 2.21%
2021 2.16%
(b) The assumed initial trend rate applicable to plan years was revised as follows:
For the 2019 plan year - from 5.4% to 6.75%
Note 3: No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75.
95
NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM
Valuation Date: Actuarially determined contribution rates for 2022 were calculated based
on the July 1, 2020, actuarial valuation.
Methods and assumptions used to determine contribution rates:
Actuarial Cost Method Entry Age Normal

Amortization Method Level Dollar, Closed (Not to Exceed 20 Years)
Remaining Amortization
Period Varies by Year
Asset Valuation 10-Year Smoothed Within a 20%
Corridor to Market Value
Inflation 2.5%
Salary Increases Graded Salary Ranges from 8.72% to
3.44% Based on Age, Including Inflation,
Averaging 4%
Investment Rate of Return 7.25%, Net of Investment Expense,
Including Inflation
Retirement Age Pattern of Retirement Determined by
Experience Study
Mortality Customized Table Based on Actual
Experience Including an Adjustment for
Some Anticipated Improvement
Changes of assumptions. In 2017, the following assumptions were changed:

decreased inflation rate from 3 percent to 2.5 percent; decreased the investment rate
of return from 7.5 percent to 7.25 percent; decreased the cost-of-living adjustment
from 2.5 percent to 2.25 percent; decreased salary growth graded ranges from an
average of 4.25 percent to an average of 4 percent; and modified mortality
assumptions.
96
COMBINING AND INDIVIDUAL FUND
FINANCIAL STATEMENTS AND SCHEDULES
97
Nonmajor Governmental Funds
Special Revenue Funds
____________________________
Special Revenue Funds are used to account for and report the proceeds
of specific revenue sources that are restricted or committed to
expenditure for specified purposes other than debt service or capital
projects.
____________________________
Courthouse and Jail Maintenance Fund – The Courthouse and Jail Maintenance
Fund is used to account for a special tax levied by private act on litigation and the
recording of certain instruments. The proceeds of the tax must be used to pay for
improvements or maintenance on the courthouse or jail.
Solid Waste/Sanitation Fund – The Solid Waste/Sanitation Fund is used to account

for transactions of Cheatham County’s recycling/convenience centers.
Drug Control Fund – The Drug Control Fund is used to account for revenues received
from drug-related fines, forfeitures, and seizures.
Constitutional Officers - Fees Fund – The Constitutional Officers - Fees Fund is used
to account for operating expenses paid directly from the fee and commission accounts
of the trustee, clerks, register of deeds, and sheriff.
Unemployment Compensation Fund – The Unemployment Compensation Fund is

used to account for transactions of the county’s unemployment compensation plan.
98
Debt Service Fund
____________________________
Debt Service Funds are used to account for and report financial resources
that are restricted, committed, or assigned to expenditure for principal
and interest.
____________________________
General Debt Service Fund – The General Debt Service Fund is used to account for
the accumulation of resources for, and the payment of, long-term debt principal,
interest, and related costs.
Capital Projects Funds

____________________________
Capital Projects Funds are used to account for and report financial
resources that are restricted, committed, or assigned to expenditure for
capital outlays, including the acquisition or construction of capital
facilities and other capital assets.
____________________________
General Capital Projects Fund – The General Capital Projects Fund is used to
account for the general capital expenditures of the county.
Other Capital Projects Fund – The Other Capital Projects Fund is used to account for
motor vehicle purchases.
Other Capital Projects (Jail) Fund – The Other Capital Projects (Jail) Fund is used
to account for capital outlay expenditures related to the jail.
99
Exhibit F-1

Combining Balance Sheet
June 30, 2022

Constitu -
Courthouse Solid tional
and Jail Waste / Drug Officers - Unemployment
Maintenance Sanitation Control Fees Compensation Total
ASSETS
Cash $ 0 $ 300 $ 0 $ 2,350 $ 0 $ 2,650

Equity in Pooled Cash and Investments 12,777 846,129 243,026 0 40,022 1,141,954
Accounts Receivable 578 2,002 623 51,080 0 54,283
Due from Other Governments 0 0 24,695 0 0 24,695
Property Taxes Receivable 0 919,243 0 0 0 919,243
Allowance for Uncollectible Property Taxes 0 (19,776) 0 0 0 (19,776)
Total Assets $ 13,355 $ 1,747,898 $ 268,344 $ 53,430 $ 40,022 $ 2,123,049
LIABILITIES
Accounts Payable $ 0 $ 62,753 $ 1,576 $ 0 $ 0 $ 64,329

Contracts Payable 0 0 0 0 0 0
Due to Litigants, Heirs, and Others 0 0 0 53,430 0 53,430
Other Current Liabilities 0 0 3,246 0 0 3,246
Total Liabilities $ 0 $ 62,753 $ 4,822 $ 53,430 $ 0 $ 121,005
Deferred Current Property Taxes $ 0 $ 882,422 $ 0 $ 0 $ 0 $ 882,422

Deferred Delinquent Property Taxes 0 13,479 0 0 0 13,479
Total Deferred Inflows of Resources $ 0 $ 895,901 $ 0 $ 0 $ 0 $ 895,901
(Continued)
100
Exhibit F-1

Nonmajor Governmental Funds (Cont.)

Constitu -
Courthouse Solid tional
and Jail Waste / Drug Officers - Unemployment
Maintenance Sanitation Control Fees Compensation Total
FUND BALANCES
Restricted:
Restricted for Public Safety $ 0 $ 0 $ 263,522 $ 0 $ 0 $ 263,522
Restricted for Public Health and Welfare 0 789,244 0 0 0 789,244
Restricted for Capital Outlay 0 0 0 0 0 0
Restricted for Debt Service 0 0 0 0 0 0
Committed:
Committed for General Government 13,355 0 0 0 40,022 53,377
Total Fund Balances $ 13,355 $ 789,244 $ 263,522 $ 0 $ 40,022 $ 1,106,143
Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 13,355 $ 1,747,898 $ 268,344 $ 53,430 $ 40,022 $ 2,123,049
(Continued)
101
Exhibit F-1

Debt Service
Fund Capital Projects Funds
Other Total
General General Other Capital Nonmajor
Debt Capital Capital Projects Governmental
Service Projects Projects (Jail) Total Funds
ASSETS
Cash $ 0 $ 0 $ 0 $ 0 $ 0 $ 2,650
Equity in Pooled Cash and Investments 514,968 557,451 729,788 2,712,919 4,000,158 5,657,080
Accounts Receivable 1,279 309 1,306 3,395 5,010 60,572
Due from Other Governments 11,233 0 0 0 0 35,928
Property Taxes Receivable 595,005 175,202 622,309 1,590,472 2,387,983 3,902,231
Allowance for Uncollectible Property Taxes (12,800) (3,769) (13,388) (34,216) (51,373) (83,949)
Total Assets $ 1,109,685 $ 729,193 $ 1,340,015 $ 4,272,570 $ 6,341,778 $ 9,574,512
LIABILITIES
Accounts Payable $ 0 $ 0 $ 0 $ 160 $ 160 $ 64,489

Contracts Payable 0 0 0 232,622 232,622 232,622
Due to Litigants, Heirs, and Others 0 0 0 0 0 53,430
Other Current Liabilities 0 0 0 0 0 3,246
Total Liabilities $ 0 $ 0 $ 0 $ 232,782 $ 232,782 $ 353,787
Deferred Current Property Taxes $ 571,172 $ 168,184 $ 597,382 $ 1,526,764 $ 2,292,330 $ 3,745,924
Deferred Delinquent Property Taxes 8,727 2,570 9,126 23,365 35,061 57,267
Total Deferred Inflows of Resources $ 579,899 $ 170,754 $ 606,508 $ 1,550,129 $ 2,327,391 $ 3,803,191
(Continued)
102
Exhibit F-1

Debt Service
Fund Capital Projects Funds
Other Total
General General Other Capital Nonmajor
Debt Capital Capital Projects Governmental
Service Projects Projects (Jail) Total Funds
FUND BALANCES
Restricted:
Restricted for Public Safety $ 0 $ 0 $ 0 $ 0 $ 0 $ 263,522
Restricted for Public Health and Welfare 0 0 0 0 0 789,244
Restricted for Capital Outlay 0 558,439 733,507 2,489,659 3,781,605 3,781,605
Restricted for Debt Service 529,786 0 0 0 0 529,786
Committed:
Committed for General Government 0 0 0 0 0 53,377
Total Fund Balances $ 529,786 $ 558,439 $ 733,507 $ 2,489,659 $ 3,781,605 $ 5,417,534
Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 1,109,685 $ 729,193 $ 1,340,015 $ 4,272,570 $ 6,341,778 $ 9,574,512
103
Exhibit F-2

Combining Statement of Revenues, Expenditures,
Debt Service
Special Revenue Funds Fund
Courthouse Solid General

and Jail Waste / Drug Unemployment Debt
Maintenance Sanitation Control Compensation Total Service
Revenues
Local Taxes $ 6,903 $ 925,291 $ 0 $ 0 $ 932,194 $ 1,035,063
Fines, Forfeitures, and Penalties 0 0 94,401 0 94,401 0
Charges for Current Services 0 474,740 0 8,311 483,051 0
Other Local Revenues 0 39,565 16,461 0 56,026 0
State of Tennessee 0 18,582 0 0 18,582 11,830
Total Revenues $ 6,903 $ 1,458,178 $ 110,862 $ 8,311 $ 1,584,254 $ 1,046,893
Expenditures
Current:
General Government $ 7,765 $ 23,656 $ 510 $ 2,711 $ 34,642 $ 16,433
Public Safety 0 0 54,583 0 54,583 0
Public Health and Welfare 0 1,264,889 0 0 1,264,889 0
Other Operations 0 70,166 0 0 70,166 0
Debt Service:
Principal on Debt 0 0 0 0 0 1,171,666
Interest on Debt 0 0 0 0 0 219,351
Capital Projects 0 0 0 0 0 0
Total Expenditures $ 7,765 $ 1,358,711 $ 55,093 $ 2,711 $ 1,424,280 $ 1,407,450

Over Expenditures $ (862) $ 99,467 $ 55,769 $ 5,600 $ 159,974 $ (360,557)
(Continued)
104
Exhibit F-2

Debt Service
Special Revenue Funds Fund
Courthouse Solid General

and Jail Waste / Drug Unemployment Debt
Maintenance Sanitation Control Compensation Total Service

Other Loans Issued $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Insurance Recovery 0 0 0 0 0 0
Transfers In 0 0 0 0 0 170,000
Transfers Out 0 0 (36,043) 0 (36,043) 0
Total Other Financing Sources (Uses) $ 0 $ 0 $ (36,043) $ 0 $ (36,043) $ 170,000
Net Change in Fund Balances $ (862) $ 99,467 $ 19,726 $ 5,600 $ 123,931 $ (190,557)
Fund Balance, July 1, 2021 14,217 689,777 243,796 34,422 982,212 720,343
Fund Balance, June 30, 2022 $ 13,355 $ 789,244 $ 263,522 $ 40,022 $ 1,106,143 $ 529,786
(Continued)
105
Exhibit F-2


Other Total
General Other Capital Nonmajor
Capital Capital Projects Governmental
Projects Projects (Jail) Total Funds
Revenues
Local Taxes $ 174,873 $ 625,325 $ 1,599,329 $ 2,399,527 $ 4,366,784
Fines, Forfeitures, and Penalties 0 0 0 0 94,401
Charges for Current Services 0 0 0 0 483,051
Other Local Revenues 0 40,545 3,125 43,670 99,696
State of Tennessee 438,663 11,949 31,622 482,234 512,646
Total Revenues $ 613,536 $ 677,819 $ 1,634,076 $ 2,925,431 $ 5,556,578
Expenditures
Current:
General Government $ 3,487 $ 12,506 $ 31,999 $ 47,992 $ 99,067
Public Safety 0 0 0 0 54,583
Public Health and Welfare 0 0 0 0 1,264,889
Other Operations 0 0 0 0 70,166
Debt Service:
Principal on Debt 0 0 0 0 1,171,666
Interest on Debt 0 0 0 0 219,351
Capital Projects 1,093,592 485,339 1,815,587 3,394,518 3,394,518
Total Expenditures $ 1,097,079 $ 497,845 $ 1,847,586 $ 3,442,510 $ 6,274,240

Over Expenditures $ (483,543) $ 179,974 $ (213,510) $ (517,079) $ (717,662)
(Continued)
106
Exhibit F-2


Other Total
General Other Capital Nonmajor
Capital Capital Projects Governmental
Projects Projects (Jail) Total Funds

Other Loans Issued $ 294,101 $ 0 $ 0 $ 294,101 $ 294,101
Insurance Recovery 0 35,194 0 35,194 35,194
Transfers In 0 0 0 0 170,000
Transfers Out (70,000) 0 0 (70,000) (106,043)
Total Other Financing Sources (Uses) $ 224,101 $ 35,194 $ 0 $ 259,295 $ 393,252
Net Change in Fund Balances $ (259,442) $ 215,168 $ (213,510) $ (257,784) $ (324,410)

Fund Balance, July 1, 2021 817,881 518,339 2,703,169 4,039,389 5,741,944
Fund Balance, June 30, 2022 $ 558,439 $ 733,507 $ 2,489,659 $ 3,781,605 $ 5,417,534
107
Exhibit F-3

Schedule of Revenues, Expenditures, and Changes
Courthouse and Jail Maintenance Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 6,903 $ 10,000 $ 10,000 $ (3,097)
Total Revenues $ 6,903 $ 10,000 $ 10,000 $ (3,097)
Expenditures
General Government
County Buildings $ 7,696 $ 9,800 $ 9,800 $ 2,104
Other General Administration 69 200 200 131
Total Expenditures $ 7,765 $ 10,000 $ 10,000 $ 2,235

Over Expenditures $ (862) $ 0 $ 0 $ (862)
Net Change in Fund Balance $ (862) $ 0 $ 0 $ (862)

Fund Balance, July 1, 2021 14,217 13,811 14,217 0
Fund Balance, June 30, 2022 $ 13,355 $ 13,811 $ 14,217 $ (862)
108
Exhibit F-4

Solid Waste/Sanitation Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 925,291 $ 945,071 $ 945,071 $ (19,780)
Charges for Current Services 474,740 247,359 397,359 77,381
Other Local Revenues 39,565 35,959 35,959 3,606
Total Revenues $ 1,458,178 $ 1,249,289 $ 1,399,289 $ 58,889
Expenditures
General Government
Other General Administration $ 23,656 $ 25,000 $ 25,000 $ 1,344
Sanitation Management 295,227 330,706 330,706 35,479
Convenience Centers 893,506 711,948 940,866 47,360
Transfer Stations 76,156 61,700 79,300 3,144
Other Operations
Employee Benefits 69,443 113,905 113,905 44,462
Miscellaneous 723 6,030 6,030 5,307
Total Expenditures $ 1,358,711 $ 1,249,289 $ 1,495,807 $ 137,096

Over Expenditures $ 99,467 $ 0 $ (96,518) $ 195,985
Net Change in Fund Balance $ 99,467 $ 0 $ (96,518) $ 195,985

Fund Balance, June 30, 2022 $ 789,244 $ 538,490 $ 593,259 $ 195,985
109
Exhibit F-5

Drug Control Fund
Variance
with Final
Budget -
Revenues
Fines, Forfeitures, and Penalties $ 94,401 $ 101,000 $ 101,000 $ (6,599)
Other Local Revenues 16,461 0 0 16,461
Total Revenues $ 110,862 $ 101,000 $ 101,000 $ 9,862
Expenditures
General Government
Other General Administration $ 510 $ 8,500 $ 8,500 $ 7,990
Public Safety
Drug Enforcement 54,583 92,500 92,500 37,917

Over Expenditures $ 55,769 $ 0 $ 0 $ 55,769

Transfers Out $ (36,043) $ 0 $ (36,043) $ 0
Total Other Financing Sources $ (36,043) $ 0 $ (36,043) $ 0
Net Change in Fund Balance $ 19,726 $ 0 $ (36,043) $ 55,769

110
Exhibit F-6

Unemployment Compensation Fund
Variance
with Final
Budget -
Revenues
Charges for Current Services $ 8,311 $ 75,000 $ 75,000 $ (66,689)
Total Revenues $ 8,311 $ 75,000 $ 75,000 $ (66,689)
Expenditures
General Government

Over Expenditures $ 5,600 $ 0 $ 0 $ 5,600
Net Change in Fund Balance $ 5,600 $ 0 $ 0 $ 5,600

Fund Balance, July 1, 2021 34,422 761 34,422 0
Fund Balance, June 30, 2022 $ 40,022 $ 761 $ 34,422 $ 5,600
111
Exhibit F-7

General Debt Service Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 1,035,063 $ 891,226 $ 891,226 $ 143,837
State of Tennessee 11,830 7,500 7,500 4,330
Total Revenues $ 1,046,893 $ 898,726 $ 898,726 $ 148,167
Expenditures
General Government
Principal on Debt
General Government 1,171,666 1,001,667 1,171,668 2
Interest on Debt
General Government 219,351 233,271 233,270 13,919
Other Debt Service
General Government 0 6,000 6,000 6,000

Over Expenditures $ (360,557) $ (362,212) $ (532,212) $ 171,655

Transfers In $ 170,000 $ 0 $ 170,000 $ 0
Total Other Financing Sources $ 170,000 $ 0 $ 170,000 $ 0
Net Change in Fund Balance $ (190,557) $ (362,212) $ (362,212) $ 171,655

112
Exhibit F-8

General Capital Projects Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 174,873 $ 169,650 $ 169,650 $ 5,223
Total Revenues $ 613,536 $ 173,636 $ 609,732 $ 3,804
Expenditures
General Government
Capital Projects
General Administration Projects 140,088 0 442,018 301,930
Public Safety Projects 6,524 0 8,301 1,777
Other General Government Projects 29,037 160,000 160,000 130,963
Highway and Street Capital Projects 917,943 0 942,750 24,807
Total Expenditures $ 1,097,079 $ 172,971 $ 1,566,040 $ 468,961

Over Expenditures $ (483,543) $ 665 $ (956,308) $ 472,765

Other Loans Issued $ 294,101 $ 0 $ 294,101 $ 0
Transfers Out (70,000) 0 (70,000) 0
Net Change in Fund Balance $ (259,442) $ 665 $ (732,207) $ 472,765

113
Exhibit F-9

Other Capital Projects Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 625,325 $ 620,661 $ 620,661 $ 4,664
Other Local Revenues 40,545 0 9,100 31,445
Total Revenues $ 677,819 $ 634,461 $ 643,561 $ 34,258
Expenditures
General Government
Other General Administration $ 12,506 $ 13,000 $ 13,000 $ 494
Capital Projects
Other General Government Projects 485,339 634,560 742,445 257,106

Over Expenditures $ 179,974 $ (13,099) $ (111,884) $ 291,858

Insurance Recovery $ 35,194 $ 0 $ 35,194 $ 0
Net Change in Fund Balance $ 215,168 $ (13,099) $ (76,690) $ 291,858

114
Exhibit F-10

Other Capital Projects (Jail) Fund
Variance
with Final
Budget -
Revenues
Local Taxes $ 1,599,329 $ 1,523,266 $ 1,523,266 $ 76,063
Other Local Revenues 3,125 0 0 3,125
State of Tennessee 31,622 10,000 10,000 21,622
Total Revenues $ 1,634,076 $ 1,533,266 $ 1,533,266 $ 100,810
Expenditures
General Government
Capital Projects
Public Safety Projects 1,815,587 1,497,766 1,997,766 182,179

Over Expenditures $ (213,510) $ 0 $ (500,000) $ 286,490
Net Change in Fund Balance $ (213,510) $ 0 $ (500,000) $ 286,490

Fund Balance, June 30, 2022 $ 2,489,659 $ 1,401,784 $ 2,203,169 $ 286,490
115
Major Governmental Fund
Education Debt Service Fund
____________________________
The Education Debt Service Fund is used to account for and report
financial resources that are restricted, committed, or assigned to
expenditure for education related principal and interest.
____________________________
116
Exhibit G

Variance
with Final
Budget -
Revenues
Local Taxes $ 7,723,952 $ 5,986,337 $ 5,996,337 $ 1,727,615
Total Revenues $ 7,753,872 $ 6,020,087 $ 6,030,087 $ 1,723,785
Expenditures
General Government
Principal on Debt
Education 8,127,708 5,415,683 8,128,336 628
Interest on Debt
Education 59,767 508,071 507,757 447,990
Other Debt Service
Education 0 20,000 20,000 20,000

Over Expenditures $ (521,428) $ (8,667) $ (2,721,006) $ 2,199,578

Transfers In $ 0 $ 8,667 $ 8,667 $ (8,667)
Total Other Financing Sources $ 0 $ 8,667 $ 8,667 $ (8,667)
Net Change in Fund Balance $ (521,428) $ 0 $ (2,712,339) $ 2,190,911

117
Custodial Funds
____________________________
Custodial Funds are used to account for assets held by the county in a
custodial capacity or as an agent for individuals, private organizations,
other governments, and/or other funds. Custodial Funds are reported
using the economic resources measurement focus and the accrual basis
of accounting. Custodial fund reporting focuses on net position and
changes in net position. Custodial funds are distinguished from trust
funds by the absence of a trust agreement or equivalent arrangement.
____________________________
Cities - Sales Tax Fund – The Cities - Sales Tax Fund is used to account for the second
half of the sales tax revenues collected inside incorporated cities of the county. These
revenues are received by the county from the state of Tennessee and forwarded to the
various cities on a monthly basis.
Constitutional Officers - Custodial Fund – The Constitutional Officers - Custodial

Fund is used to account for amounts collected in a custodial capacity by the county
clerk, circuit and general sessions courts clerk, clerk and master, register of deeds,
and sheriff. Such collections include amounts due the state, cities, other county funds,
litigants, heirs, and others.
118
Exhibit H-1

Combining Statement of Net Position
Custodial Funds
June 30, 2022
Custodial Funds
Constitu-
Cities - tional
Sales Officers -
Tax Custodial Total
ASSETS
Cash $ 0 $ 2,285,483 $ 2,285,483

Due from Other Governments 922,328 0 922,328
Total Assets $ 922,328 $ 2,285,483 $ 3,207,811
LIABILITIES
Due to Other Taxing Units $ 922,328 $ 0 $ 922,328
Total Liabilities $ 922,328 $ 0 $ 922,328
NET POSITION
Restricted for Individuals, Organizations, and Other Governments $ 0 $ 2,285,483 $ 2,285,483
Total Net Position $ 0 $ 2,285,483 $ 2,285,483
119
Exhibit H-2

Combining Statement of Changes in Net Position
Custodial Funds
Custodial Funds
Constitu -
Cities - tional
Sales Officers -
Tax Custodial Total
Additions
Sales Tax Collections for Other Governments $ 5,545,021 $ 0 $ 5,545,021

Fines/Fees and Other Collections 0 11,305,060 11,305,060
Total Additions $ 5,545,021 $ 11,305,060 $ 16,850,081
Deductions
Payment of Sales Tax Collections to Other Governments $ 5,545,021 $ 0 $ 5,545,021

Payments to State 0 5,437,613 5,437,613
Payments to County/City 0 3,558,376 3,558,376
Payments to Individuals and Others 0 2,368,681 2,368,681
Total Deductions $ 5,545,021 $ 11,364,670 $ 16,909,691
Change in Net Position $ 0 $ (59,610) $ (59,610)

Net Position July 1, 2021 0 2,345,093 2,345,093
Net Position June 30, 2022 $ 0 $ 2,285,483 $ 2,285,483
120
Cheatham County School Department
________________________________________
This section presents combining and individual fund financial

statements for the Cheatham County School Department, a discretely
presented component unit. The school department uses a General Fund,
four Special Revenue Funds, and one Capital Projects Fund.
________________________________________
General Purpose School Fund – The General Purpose School Fund is used to account
for general operations of the school department.
School Federal Projects Fund – The School Federal Projects Fund is used to account
for restricted federal revenues, which must be expended on specific education
programs.
Central Cafeteria Fund – The Central Cafeteria Fund is used to account for the
cafeteria operations in each of the schools.
Extended School Program Fund – The Extended School Program Fund is used to
account for transactions related to the after-school program in the individual schools.
Internal School Fund – The Internal School Fund is used to account for funds held at
the individual schools for internal school use such as the purchase of supplies, school
clubs, and student activities.
Education Capital Projects Fund – The Education Capital Projects Fund is used to
account for building construction and renovations of the school department.
121
Exhibit I-1
Net (Expense)
Revenue and
Program Revenues Changes in
Operating Net Position
Charges Grants Total
for and Governmental
Functions/Programs Expenses Services Contributions Activities
Instruction $ 27,812,911 $ 0 $ 2,933,590 $ (24,879,321)
Support Services 19,901,919 62,016 950,128 (18,889,775)
Operation of Non-instructional Services 6,716,396 3,676,880 4,780,073 1,740,557
Total Governmental Activities $ 54,431,226 $ 3,738,896 $ 8,663,791 $ (42,028,539)
General Revenues:
Taxes:
Property Taxes Levied for General Purposes $ 8,185,205
Local Option Sales Tax 4,916,518
Wheel Tax 451,812
Mixed Drink Tax 47,953
Grants and Contributions Not Restricted to Specific Programs 41,386,921
Miscellaneous 254,809
Total General Revenues $ 55,243,218
Change in Net Position $ 13,214,679

Net Position, July 1, 2021 65,125,870
Net Position, June 30, 2022 $ 78,340,549
122
Exhibit I-2

Balance Sheet - Governmental Funds
June 30, 2022
Nonmajor
Funds
Major Funds Other
General Education Govern- Total
Purpose Internal Capital mental Governmental
School School Projects Funds Funds
ASSETS
Cash $ 1,000 $ 1,416,180 $ 0 $ 2,000 $ 1,419,180

Equity in Pooled Cash and Investments 15,046,552 0 2,794,897 2,520,304 20,361,753
Inventories 0 2,464 0 0 2,464
Accounts Receivable 23,962 0 0 103,656 127,618
Due from Other Governments 2,245,129 0 0 750,882 2,996,011
Property Taxes Receivable 7,863,386 0 0 0 7,863,386
Allowance for Uncollectible Property Taxes (172,597) 0 0 0 (172,597)
Restricted Assets 670,979 0 0 0 670,979
Total Assets $ 25,678,411 $ 1,418,644 $ 2,794,897 $ 3,376,842 $ 33,268,794
LIABILITIES
Accounts Payable $ 250,121 $ 0 $ 204,214 $ 60,940 $ 515,275

Payroll Deductions Payable 327 0 0 18,624 18,951
Total Liabilities $ 250,448 $ 0 $ 204,214 $ 79,564 $ 534,226
Deferred Current Property Taxes $ 7,538,836 $ 0 $ 0 $ 0 $ 7,538,836

Deferred Delinquent Property Taxes 120,142 0 0 0 120,142
Other Deferred/Unavailable Revenue 400,000 0 0 0 400,000
Total Deferred Inflows of Resources $ 8,058,978 $ 0 $ 0 $ 0 $ 8,058,978
(Continued)
123
Exhibit I-2

Balance Sheet - Governmental Funds
Discretely Presented Cheatham County School Department (Cont.)
Nonmajor
Funds
Major Funds Other
FUND BALANCES
Nonspendable:
Inventory $ 0 $ 2,464 $ 0 $ 0 $ 2,464
Restricted:
Restricted for Education 0 1,416,180 0 792,210 2,208,390
Restricted for Instruction 1,239 0 0 0 1,239
Restricted for Operation of Non-instructional Services 0 0 0 1,540,530 1,540,530
Restricted for Capital Projects 0 0 2,590,683 0 2,590,683
Restricted for Hybrid Retirement Stabilization Funds 670,979 0 0 0 670,979
Committed:
Committed for Education 2,636,021 0 0 550,000 3,186,021
Assigned:
Assigned for Education 0 0 0 414,538 414,538
Unassigned 14,060,746 0 0 0 14,060,746
Total Fund Balances $ 17,368,985 $ 1,418,644 $ 2,590,683 $ 3,297,278 $ 24,675,590
Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 25,678,411 $ 1,418,644 $ 2,794,897 $ 3,376,842 $ 33,268,794
124
Exhibit I-3

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2022

of net position (Exhibit A) are different because:
Total fund balances - balance sheet - governmental funds (Exhibit I-2) $ 24,675,590
(1) Capital assets used in governmental activities are not financial

resources and therefore are not reported in the governmental funds.
Add: land $ 1,660,436
Add: buildings and improvements net of accumulated depreciation 45,071,332
Add: other capital assets net of accumulated depreciation 4,190,379 50,922,147
(2) Long-term OPEB liability is not due and payable in the current
period and therefore is not reported in the governmental funds. (7,512,088)
(3) Amounts reported as deferred outflows of resources and deferred

inflows of resources related to pensions and OPEB benefits
will be amortized and recognized as components of pension
and OPEB expense in future years.
Add: deferred outflows of resources related to pensions $ 9,579,394
Less: deferred inflows of resources related to pensions (21,801,016)
Add: deferred outflows of resources related to OPEB 1,185,490
Less: deferred inflows of resources related to OPEB (3,280,030) (14,316,162)
(4) Net pension assets are not current financial resources and
therefore are not reported in the governmental funds. 24,050,920
(5) Other long-term assets are not available to pay for current period
expenditures and therefore are deferred in the governmental funds. 520,142
Net position of governmental activities (Exhibit A) $ 78,340,549
125
Exhibit I-4

and Changes in Fund Balances -
Governmental Funds
Nonmajor
Funds
Major Funds Other
Revenues
Local Taxes $ 13,578,105 $ 0 $ 0 $ 0 $ 13,578,105
Licenses and Permits 2,793 0 0 0 2,793
Charges for Current Services 62,016 0 0 1,380,465 1,442,481
Other Local Revenues 376,559 2,164,625 0 11,360 2,552,544
State of Tennessee 36,267,458 0 0 30,431 36,297,889
Federal Government 298,534 0 0 10,653,903 10,952,437
Other Governments and Citizens Groups 126,441 0 4,222,851 0 4,349,292
Total Revenues $ 50,711,906 $ 2,164,625 $ 4,222,851 $ 12,076,159 $ 69,175,541
Expenditures
Current:
Instruction $ 28,266,786 $ 0 $ 0 $ 3,383,887 $ 31,650,673
Support Services 16,185,700 0 0 1,676,020 17,861,720
Operation of Non-Instructional Services 504,109 1,938,859 0 4,450,801 6,893,769
Capital Projects 0 0 6,355,382 0 6,355,382
Total Expenditures $ 44,956,595 $ 1,938,859 $ 6,355,382 $ 9,510,708 $ 62,761,544

Over Expenditures $ 5,755,311 $ 225,766 $ (2,132,531) $ 2,565,451 $ 6,413,997

Insurance Recovery $ 50,844 $ 0 $ 0 $ 0 $ 50,844
Transfers In 889,314 0 317,000 0 1,206,314
Transfers Out (317,000) 0 0 (889,314) (1,206,314)
Total Other Financing Sources (Uses) $ 623,158 $ 0 $ 317,000 $ (889,314) $ 50,844
(Continued)
126
Exhibit I-4

Governmental Funds
Nonmajor
Funds
Major Funds Other
Net Change in Fund Balances $ 6,378,469 $ 225,766 $ (1,815,531) $ 1,676,137 $ 6,464,841

Fund Balance, July 1, 2021 10,990,516 1,192,878 4,406,214 1,621,141 18,210,749
Fund Balance, June 30, 2022 $ 17,368,985 $ 1,418,644 $ 2,590,683 $ 3,297,278 $ 24,675,590
127
Exhibit I-5

Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances
of Governmental Funds to the Statement of Activities

of activities (Exhibit B) are different because:
Net change in fund balances - total governmental funds (Exhibit I-4) $ 6,464,841
(1) Governmental funds report capital outlays as expenditures. However,

in the statement of activities, the cost of these assets is allocated over
their useful lives and reported as depreciation expense. The difference
between capital outlays and depreciation is itemized as follows:
Add: capital assets purchased in the current period $ 4,257,361
Less: current-year depreciation expense (2,660,692) 1,596,669
(2) Revenues in the statement of activities that do not provide current

financial resources are not reported as revenues in the funds.
Less: deferred delinquent property taxes and other deferred June 30, 2021 $ (907,295)
Add: deferred delinquent property taxes and other deferred June 30, 2022 520,142 (387,153)
(3) Some expenses reported in the statement of activities do not require

the use of current financial resources and therefore are not reported
as expenditures in the governmental funds.
Change in other postemployment benefits liability $ 174,418
Change in deferred outflows of resources related to pensions 5,615,142
Change in deferred outflows of resources related to OPEB (88,301)
Change in deferred inflows of resources related to pensions (19,740,965)
Change in deferred inflows of resources related to OPEB (14,723)
Change in net pension asset 19,594,751 5,540,322
Change in net position of governmental activities (Exhibit B) $ 13,214,679
128
Exhibit I-6

Combining Balance Sheet - Nonmajor Governmental Funds
June 30, 2022

Total
School Extended Nonmajor
Federal Central School Governmental
Projects Cafeteria Program Funds
ASSETS
Cash $ 0 $ 1,000 $ 1,000 $ 2,000

Equity in Pooled Cash and Investments 63,368 1,481,900 975,036 2,520,304
Accounts Receivable 0 1,177 102,479 103,656
Due from Other Governments 529,520 69,079 152,283 750,882
Total Assets $ 592,888 $ 1,553,156 $ 1,230,798 $ 3,376,842
LIABILITIES
Accounts Payable $ 40,944 $ 4,271 $ 15,725 $ 60,940

Payroll Deductions Payable 1,944 8,355 8,325 18,624
Total Liabilities $ 42,888 $ 12,626 $ 24,050 $ 79,564
FUND BALANCES
Restricted:
Restricted for Education $ 0 $ 0 $ 792,210 $ 792,210
Restricted for Operation of Non-instructional Services 0 1,540,530 0 1,540,530
Committed:
Committed for Education 550,000 0 0 550,000
Assigned:
Assigned for Education 0 0 414,538 414,538
Total Fund Balances $ 550,000 $ 1,540,530 $ 1,206,748 $ 3,297,278
Total Liabilities and Fund Balances $ 592,888 $ 1,553,156 $ 1,230,798 $ 3,376,842
129
Exhibit I-7


Total
School Extended Nonmajor
Federal Central School Governmental
Projects Cafeteria Program Funds
Revenues
Charges for Current Services $ 0 $ 328,936 $ 1,051,529 $ 1,380,465
Other Local Revenues 0 9,555 1,805 11,360
State of Tennessee 0 26,357 4,074 30,431
Federal Government 5,592,943 4,268,750 792,210 10,653,903
Total Revenues $ 5,592,943 $ 4,633,598 $ 1,849,618 $ 12,076,159
Expenditures
Current:
Instruction $ 3,383,887 $ 0 $ 0 $ 3,383,887
Support Services 1,666,530 0 9,490 1,676,020
Operation of Non-Instructional Services 178,830 3,315,674 956,297 4,450,801
Total Expenditures $ 5,229,247 $ 3,315,674 $ 965,787 $ 9,510,708

Over Expenditures $ 363,696 $ 1,317,924 $ 883,831 $ 2,565,451

Transfers Out $ (362,001) $ (400,000) $ (127,313) $ (889,314)
Total Other Financing Sources (Uses) $ (362,001) $ (400,000) $ (127,313) $ (889,314)
Net Change in Fund Balances $ 1,695 $ 917,924 $ 756,518 $ 1,676,137

Fund Balance, July 1, 2021 548,305 622,606 450,230 1,621,141
Fund Balance, June 30, 2022 $ 550,000 $ 1,540,530 $ 1,206,748 $ 3,297,278
130
Exhibit I-8

in Fund Balance - Actual (Budgetary Basis) and Budget
General Purpose School Fund
Actual Variance
Revenues/ with Final
Actual Less: Add: Expenditures Budget -
(GAAP Encumbrances Encumbrances (Budgetary Budgeted Amounts Positive
Basis) 7/1/2021 6/30/2022 Basis) Original Final (Negative)
Revenues
Local Taxes $ 13,578,105 $ 0 $ 0 $ 13,578,105 $ 12,162,999 $ 12,162,999 $ 1,415,106
Licenses and Permits 2,793 0 0 2,793 4,000 4,000 (1,207)
Charges for Current Services 62,016 0 0 62,016 130,000 130,000 (67,984)
Other Local Revenues 376,559 0 0 376,559 229,000 229,000 147,559
State of Tennessee 36,267,458 0 0 36,267,458 35,969,485 36,071,117 196,341
Federal Government 298,534 0 0 298,534 50,000 50,000 248,534
Other Governments and Citizens Groups 126,441 0 0 126,441 129,580 129,580 (3,139)
Total Revenues $ 50,711,906 $ 0 $ 0 $ 50,711,906 $ 48,675,064 $ 48,776,696 $ 1,935,210
Expenditures
Instruction
Regular Instruction Program $ 22,928,766 $ (8,822) $ 0 $ 22,919,944 $ 26,175,359 $ 25,983,243 $ 3,063,299
Special Education Program 4,319,411 (80,678) 128 4,238,861 4,300,178 4,332,178 93,317
Career and Technical Education Program 1,018,609 0 0 1,018,609 1,168,825 1,168,825 150,216
Support Services
Attendance 24,707 0 0 24,707 26,164 26,364 1,657
Health Services 509,644 0 0 509,644 538,795 562,316 52,672
Other Student Support 1,286,842 (33,411) 0 1,253,431 1,441,216 1,456,716 203,285
Regular Instruction Program 1,606,114 0 36,331 1,642,445 1,589,817 1,723,817 81,372
Special Education Program 545,295 (44,399) 0 500,896 676,849 605,049 104,153
Career and Technical Education Program 43,294 0 0 43,294 45,491 45,591 2,297
Technology 918,285 (57,416) 51,987 912,856 1,153,937 1,086,437 173,581
Other Programs 102,367 0 0 102,367 0 102,367 0
Board of Education 618,276 0 0 618,276 617,746 721,746 103,470
Director of Schools 290,929 (3,835) 4,700 291,794 330,622 343,622 51,828
Office of the Principal 2,901,045 (842) 0 2,900,203 3,132,675 3,101,288 201,085
Fiscal Services 430,943 0 0 430,943 400,789 435,989 5,046
Human Services/Personnel 119,648 0 0 119,648 119,880 128,780 9,132
Operation of Plant 2,961,311 (2,879) 107,811 3,066,243 3,078,103 3,198,103 131,860
(Continued)
131
Exhibit I-8

General Purpose School Fund (Cont.)
Actual Variance
Expenditures (Cont.)
Support Services (Cont.)
Maintenance of Plant $ 1,414,696 $ (59,472) $ 30,705 $ 1,385,929 $ 1,478,257 $ 1,482,757 $ 96,828
Transportation 2,412,304 (127,128) 9,802 2,294,978 2,813,456 2,679,956 384,978
Operation of Non-Instructional Services
Food Service 40,699 0 0 40,699 61,318 66,700 26,001
Early Childhood Education 463,410 0 0 463,410 463,990 465,618 2,208
Total Expenditures $ 44,956,595 $ (418,882) $ 241,464 $ 44,779,177 $ 49,613,467 $ 49,717,462 $ 4,938,285

Over Expenditures $ 5,755,311 $ 418,882 $ (241,464) $ 5,932,729 $ (938,403) $ (940,766) $ 6,873,495

Insurance Recovery $ 50,844 $ 0 $ 0 $ 50,844 $ 75,000 $ 75,000 $ (24,156)
Transfers In 889,314 0 0 889,314 398,000 367,537 521,777
Transfers Out (317,000) 0 0 (317,000) (33,491) (317,666) 666
Total Other Financing Sources $ 623,158 $ 0 $ 0 $ 623,158 $ 439,509 $ 124,871 $ 498,287
Net Change in Fund Balance $ 6,378,469 $ 418,882 $ (241,464) $ 6,555,887 $ (498,894) $ (815,895) $ 7,371,782
Fund Balance, July 1, 2021 10,990,516 (418,882) 0 10,571,634 5,632,724 10,990,516 (418,882)
Fund Balance, June 30, 2022 $ 17,368,985 $ 0 $ (241,464) $ 17,127,521 $ 5,133,830 $ 10,174,621 $ 6,952,900
132
Exhibit I-9

School Federal Projects Fund
Variance
with Final
Budget -
Revenues
Federal Government $ 5,592,943 $ 12,065,031 $ 12,667,143 $ (7,074,200)
Total Revenues $ 5,592,943 $ 12,065,031 $ 12,667,143 $ (7,074,200)
Expenditures
Instruction
Regular Instruction Program $ 1,857,969 $ 4,107,924 $ 5,389,506 $ 3,531,537
Special Education Program 1,214,430 996,765 1,807,831 593,401
Career and Technical Education Program 311,488 1,134,774 1,191,693 880,205
Support Services
Attendance 216 0 2,655 2,439
Health Services 143,571 317,543 280,518 136,947
Other Student Support 259,890 255,697 341,128 81,238
Regular Instruction Program 667,946 1,038,245 1,108,241 440,295
Special Education Program 334,161 680,741 570,257 236,096
Career and Technical Education Program 2,674 2,743 5,064 2,390
Technology 87,659 273,163 284,419 196,760
Director of Schools 1,701 0 5,308 3,607
Office of the Principal 118,029 213,579 348,660 230,631
Fiscal Services 4,825 0 15,923 11,098
Human Services/Personnel 1,283 1,978,023 2,655 1,372
Maintenance of Plant 4,298 0 13,343 9,045
Transportation 40,277 198,359 272,359 232,082
Food Service 61,794 137,762 266,387 204,593
Community Services 108,259 100,086 174,394 66,135
Early Childhood Education 8,777 0 29,192 20,415

Over Expenditures $ 363,696 $ 629,627 $ 557,610 $ (193,914)

Transfers Out $ (362,001) $ (629,628) $ (557,610) $ 195,609
Total Other Financing Sources $ (362,001) $ (629,628) $ (557,610) $ 195,609
Net Change in Fund Balance $ 1,695 $ (1) $ 0 $ 1,695

133
Exhibit I-10

Central Cafeteria Fund
Actual Variance
Revenues
Charges for Current Services $ 328,936 $ 0 $ 0 $ 328,936 $ 1,288,900 $ 1,288,900 $ (959,964)
Other Local Revenues 9,555 0 0 9,555 21,200 21,200 (11,645)
State of Tennessee 26,357 0 0 26,357 26,000 26,000 357
Federal Government 4,268,750 0 0 4,268,750 2,100,000 2,100,000 2,168,750
Total Revenues $ 4,633,598 $ 0 $ 0 $ 4,633,598 $ 3,436,100 $ 3,436,100 $ 1,197,498
Expenditures
Food Service $ 3,315,674 $ (285,462) $ 78,512 $ 3,108,724 $ 3,436,100 $ 3,436,100 $ 327,376
Total Expenditures $ 3,315,674 $ (285,462) $ 78,512 $ 3,108,724 $ 3,436,100 $ 3,436,100 $ 327,376

Over Expenditures $ 1,317,924 $ 285,462 $ (78,512) $ 1,524,874 $ 0 $ 0 $ 1,524,874

Transfers Out $ (400,000) $ 0 $ 0 $ (400,000) $ 0 $ (400,000) $ 0
Total Other Financing Sources $ (400,000) $ 0 $ 0 $ (400,000) $ 0 $ (400,000) $ 0
Net Change in Fund Balance $ 917,924 $ 285,462 $ (78,512) $ 1,124,874 $ 0 $ (400,000) $ 1,524,874
Fund Balance, July 1, 2021 622,606 (285,462) 0 337,144 201,093 622,606 (285,462)
Fund Balance, June 30, 2022 $ 1,540,530 $ 0 $ (78,512) $ 1,462,018 $ 201,093 $ 222,606 $ 1,239,412
134
Exhibit I-11

Extended School Program Fund
Actual Variance
Actual Less: Expenditures Budget -
(GAAP Encumbrances (Budgetary Budgeted Amounts Positive
Basis) 7/1/2021 Basis) Original Final (Negative)
Revenues
Charges for Current Services $ 1,051,529 $ 0 $ 1,051,529 $ 1,284,650 $ 1,284,650 $ (233,121)
Other Local Revenues 1,805 0 1,805 0 0 1,805
State of Tennessee 4,074 0 4,074 0 0 4,074
Federal Government 792,210 0 792,210 0 0 792,210
Total Revenues $ 1,849,618 $ 0 $ 1,849,618 $ 1,284,650 $ 1,284,650 $ 564,968
Expenditures
Support Services
Board of Education $ 9,490 $ 0 $ 9,490 $ 13,000 $ 17,000 $ 7,510
Community Services 956,297 (3,746) 952,551 1,067,650 1,063,650 111,099
Total Expenditures $ 965,787 $ (3,746) $ 962,041 $ 1,080,650 $ 1,080,650 $ 118,609

Over Expenditures $ 883,831 $ 3,746 $ 887,577 $ 204,000 $ 204,000 $ 683,577

Transfers Out $ (127,313) $ 0 $ (127,313) $ (204,000) $ (204,000) $ 76,687
Total Other Financing Sources $ (127,313) $ 0 $ (127,313) $ (204,000) $ (204,000) $ 76,687
Net Change in Fund Balance $ 756,518 $ 3,746 $ 760,264 $ 0 $ 0 $ 760,264

Fund Balance, July 1, 2021 450,230 (3,746) 446,484 358,695 450,230 (3,746)
Fund Balance, June 30, 2022 $ 1,206,748 $ 0 $ 1,206,748 $ 358,695 $ 450,230 $ 756,518
135
Exhibit I-12

Education Capital Projects Fund
Variance
with Final
Budget -
Revenues
Other Governments and Citizens Groups $ 4,222,851 $ 0 $ 4,222,851 $ 0
Total Revenues $ 4,222,851 $ 0 $ 4,222,851 $ 0
Expenditures
Capital Outlay
Regular Capital Outlay $ 0 $ 5,034,431 $ 0 $ 0
Capital Projects
Education Capital Projects 6,355,382 0 9,574,282 3,218,900

Over Expenditures $ (2,132,531) $ (5,034,431) $ (5,351,431) $ 3,218,900

Notes Issued $ 0 $ 5,034,431 $ 0 $ 0
Transfers In 317,000 0 317,000 0
Total Other Financing Sources $ 317,000 $ 5,034,431 $ 317,000 $ 0
Net Change in Fund Balance $ (1,815,531) $ 0 $ (5,034,431) $ 3,218,900

Fund Balance, June 30, 2022 $ 2,590,683 $ 2,044,403 $ (628,217) $ 3,218,900
136
MISCELLANEOUS SCHEDULES
137
Exhibit J-1

Schedule of Changes in Long-term Notes, Other Loans, and Bonds
Paid and/
Original Date Last Issued or Matured
Amount Interest of Maturity Outstanding During During Outstanding
Description of Indebtedness of Issue Rate Issue Date 7-1-21 Period Period 6-30-22
NOTES PAYABLE
Payable through General Debt Service Fund
Sewer System $ 966,000 3.04 % 8-29-12 8-1-23 $ 256,000 $ 0 $ 87,000 $ 169,000
Waterlines 910,000 2.68 6-19-13 6-1-24 176,000 0 81,000 95,000
Fire Station and Equipment 995,000 2.79 8-29-13 8-1-23 327,000 0 106,000 221,000
Highway Department Office and Garage - Phase 1 680,000 4.75 4-11-19 9-3-21 226,666 0 226,666 0
Highway Department Office and Garage - Phase 2 400,000 4.75 9-11-19 9-1-22 266,667 0 133,333 133,334
Total Payable through General Debt Service Fund $ 1,252,333 $ 0 $ 633,999 $ 618,334
Payable through Education Debt Service Fund

School Bus Garage Facility 4,456,639 1.21 1-27-21 4-22-22 $ 2,925,154 $ 0 $ 2,925,154 $ 0
School Laptops 200,000 3.5 4-29-22 5-13-22 0 200,000 200,000 0
School Playground Equipment 267,689 3.25 6-15-21 8-13-21 130,659 130,659 0
7 School Buses 925,218 3.25 4-1-22 4-22-22 0 925,218 925,218 0
CCHS Roof Project 1,479,177 3.25 12-6-21 1-7-22 0 1,479,177 1,479,177 0
CCCHS & SHS Paving 422,104 3.25 8-11-21 8-27-21 0 422,104 422,104 0
Districtwide Playground Equipment 836,032 3.25 9-1-21 9-24-21 0 836,032 836,032 0
Harpeth Middle Drainage 360,320 3.25 11-10-21 12-3-21 0 360,320 360,320 0
Total Payable through Education Debt Service Fund $ 3,055,813 $ 4,222,851 $ 7,278,664 $ 0
Total Notes Payable $ 4,308,146 $ 4,222,851 $ 7,912,663 $ 618,334
OTHER LOANS PAYABLE

Payable through General Debt Service Fund
County Services Offices Project 5,000,000 3.58 11-30-17 6-1-32 $ 4,014,000 $ 0 $ 304,000 $ 3,710,000
Highway Facility Project (1) 2.22 12-1-20 12-1-31 2,177,961 294,101 367,000 2,105,062
Total Payable through General Debt Service Fund $ 6,191,961 $ 294,101 $ 671,000 $ 5,815,062

Energy Efficient Schools Initiative 5,028,918 .75 5-31-11 5-1-24 $ 1,264,276 $ 0 $ 430,344 $ 833,932
Total Payable through Education Debt Service Fund $ 1,264,276 $ 0 $ 430,344 $ 833,932
Total Other Loans Payable $ 7,456,237 $ 294,101 $ 1,101,344 $ 6,648,994
BONDS PAYABLE
Refunding 7,894,500 3.14 4-29-09 5-23-22 $ 418,700 $ 0 $ 418,700 $ 0
Total Bonds Payable $ 418,700 $ 0 $ 418,700 $ 0
(1) Total amount approved was $2,700,000, of which $227,938 remains available for draws as of June 30, 2022.
138
Exhibit J-2
Schedule of Long-term Debt Requirements by Year
Year
Ending Notes
2023 $ 414,334 $ 12,595 $ 426,929

2024 204,000 3,100 207,100
Total $ 618,334 $ 15,695 $ 634,029
Year
Ending Other Loans
2023 $ 950,584 $ 190,480 $ 1,141,064

2024 933,348 171,072 1,104,420
2025 549,000 152,968 701,968
2026 567,000 135,797 702,797
2027 585,000 118,065 703,065
2028 603,000 99,748 702,748
2029 621,000 80,849 701,849
2030 641,000 61,353 702,353
2031 661,000 41,225 702,225
2032 538,062 19,424 557,486
Total $ 6,648,994 $ 1,070,981 $ 7,719,975
139
Exhibit J-3

Schedule of Transfers
Primary Government and Discretely Presented Cheatham County School Department
From Fund To Fund Purpose Amount
PRIMARY GOVERNMENT
General Capital Projects General Debt Service Debt retirement $ 70,000

Highway/Public Works " " 100,000
Drug Control General DICE officer salary 36,043
Total Transfers Primary Government $ 206,043
DISCRETELY PRESENTED CHEATHAM

COUNTY SCHOOL DEPARTMENT
School Federal Projects General Purpose School Indirect costs $ 362,001

Extended School Program " " 127,313
Central Cafeteria " Operations 400,000
General Purpose School Education Capital Projects " 317,000
Total Transfers Discretely Presented

Cheatham County School Department $ 1,206,314
140
Exhibit J-4

Schedule of Salaries and Official Bonds of Principal Officials
Primary Government and Discretely Presented Cheatham County School Department
Salary
Paid
During
Official Authorization for Salary Period Bond Surety
County Mayor Section 8-24-102, TCA $ 98,425 (5)

Road Superintendent Section 8-24-102, TCA 93,738 (5)
Director of Schools State Board of Education and
Local Board of Education 141,125 (1) (5)
Trustee Section 8-24-102, TCA 85,216 $ 1,600,000 RLI Insurance Company
Assessor of Property Section 8-24-102, TCA 85,216 (5)
Director of Accounts and Budgets County Commission 87,791 (2) (5)
County Clerk Section 8-24-102, TCA 85,216 (5)
Circuit and General Sessions Courts Clerk Section 8-24-102, TCA 85,216 (5)
Clerk and Master Section 8-24-102, TCA 85,216 (3) (5)
Register of Deeds Section 8-24-102, TCA 85,216 (5)
Sheriff Section 8-24-102, TCA 93,738 (4) (5)
Employee Bonds
General Employee Blanket Bond 400,000 Local Government Property and Casualty Fund
School Employee Blanket Bond 400,000 Tennessee Risk Management Trust
(1) Includes $1,000 CEO supplement; does not include $9,000 Planning Grant funds.
(2) Includes $10,535 for serving as purchasing director; does not include $1,500 for longevity.
(3) Does not include special commissioner fees of $4,950.
(4) Does not include $800 law enforcement training supplement.
(5) Officials are covered by the employee blanket bond pursuant to Section 8-19-101, TCA.
141
Exhibit J-5

Schedule of Detailed Revenues -
All Governmental Fund Types
Courthouse Solid Highway /

and Jail Waste / Drug Unemployment Public
General Maintenance Sanitation Control Compensation Works
Local Taxes
County Property Taxes
Current Property Tax $ 13,511,450 $ 0 $ 887,092 $ 0 $ 0 $ 578,616
Trustee's Collections - Prior Year 213,908 0 15,052 0 0 9,605
Circuit Clerk/Clerk and Master Collections - Prior Years 115,073 0 8,129 0 0 5,187
Interest and Penalty 104,578 0 6,838 0 0 4,384
Pickup Taxes 25,942 0 1,716 0 0 1,118
Payments in-Lieu-of Taxes - T.V.A. 1,108 0 0 0 0 0
Payments in-Lieu-of Taxes - Local Utilities 80,125 0 5,431 0 0 3,506
Payments in-Lieu-of Taxes - Other 15,117 0 1,033 0 0 666
County Local Option Taxes
Local Option Sales Tax 0 0 0 0 0 0
Hotel/Motel Tax 413,365 0 0 0 0 0
Wheel Tax 0 0 0 0 0 448,853
Litigation Tax - General 77,869 6,903 0 0 0 0
Litigation Tax - Jail, Workhouse, or Courthouse 29,509 0 0 0 0 0
Business Tax 500 0 0 0 0 0
Adequate Facilities/Development Tax 53,333 0 0 0 0 53,296
Other County Local Option Taxes 1,543,251 0 0 0 0 0
Statutory Local Taxes
Bank Excise Tax 168,812 0 0 0 0 0
Wholesale Beer Tax 303,372 0 0 0 0 0
Beer Privilege Tax 2,098 0 0 0 0 0
Total Local Taxes $ 16,659,410 $ 6,903 $ 925,291 $ 0 $ 0 $ 1,105,231
(Continued)
142
Exhibit J-5

All Governmental Fund Types (Cont.)

Licenses and Permits

Licenses
Animal Registration $ 12,139 $ 0 $ 0 $ 0 $ 0 $ 0
Cable TV Franchise 232,592 0 0 0 0 0
Permits
Beer Permits 250 0 0 0 0 0
Building Permits 333,276 0 0 0 0 0
Other Permits 2,180 0 0 0 0 200
Total Licenses and Permits $ 580,437 $ 0 $ 0 $ 0 $ 0 $ 200
Fines, Forfeitures, and Penalties

Circuit Court
Fines $ 15,242 $ 0 $ 0 $ 0 $ 0 $ 0
Officers Costs 9,622 0 0 0 0 0
Data Entry Fee - Circuit Court 1,020 0 0 0 0 0
General Sessions Court
Fines 19,364 0 0 0 0 0
Officers Costs 81,184 0 0 0 0 0
Game and Fish Fines 360 0 0 0 0 0
Jail Fees 56,917 0 0 0 0 0
Judicial Commissioner Fees 71 0 0 0 0 0
DUI Treatment Fines 8,656 0 0 0 0 0
Data Entry Fee - General Sessions Court 9,449 0 0 0 0 0
Courtroom Security Fee 1,045 0 0 0 0 0
Juvenile Court
Fines 2,006 0 0 0 0 0
Data Entry Fee - Juvenile Court 996 0 0 0 0 0
(Continued)
143
Exhibit J-5


Fines, Forfeitures, and Penalties (Cont.)

Chancery Court
Officers Costs $ 120 $ 0 $ 0 $ 0 $ 0 $ 0
Data Entry Fee - Chancery Court 3,646 0 0 0 0 0
Other Courts - In-county
Drug Control Fines 0 0 0 25,074 0 0
Judicial District Drug Program
Drug Task Force Forfeitures and Seizures 0 0 0 69,327 0 0
Total Fines, Forfeitures, and Penalties $ 209,698 $ 0 $ 0 $ 94,401 $ 0 $ 0
Charges for Current Services

General Service Charges
Self-Insurance Premiums/Contributions $ 0 $ 0 $ 0 $ 0 $ 8,311 $ 0
Tipping Fees 0 0 461,688 0 0 0
Surcharge - Waste Tire Disposal 0 0 13,052 0 0 0
Patient Charges 1,319,253 0 0 0 0 0
Other General Service Charges 45,984 0 0 0 0 0
Fees
Engineer Review Fees 6,461 0 0 0 0 0
Copy Fees 3,547 0 0 0 0 0
Library Fees 2,086 0 0 0 0 0
Archives and Records Management Fee 35,882 0 0 0 0 0
Greenbelt Late Application Fee 100 0 0 0 0 0
Telephone Commissions 23,140 0 0 0 0 0
Constitutional Officers' Fees and Commissions 29,012 0 0 0 0 0
Data Processing Fee - Register 19,104 0 0 0 0 0
Probation Fees 31,955 0 0 0 0 0
(Continued)
144
Exhibit J-5


Charges for Current Services (Cont.)

Fees (Cont.)
Data Processing Fee - Sheriff $ 5,063 $ 0 $ 0 $ 0 $ 0 $ 0
Sexual Offender Registration Fee - Sheriff 8,550 0 0 0 0 0
Data Processing Fee - County Clerk 14,973 0 0 0 0 0
Total Charges for Current Services $ 1,545,110 $ 0 $ 474,740 $ 0 $ 8,311 $ 0
Other Local Revenues

Recurring Items
Investment Income $ 125,110 $ 0 $ 5 $ 0 $ 0 $ 62
Lease/Rentals 519,016 0 0 0 0 0
Sale of Materials and Supplies 0 0 0 0 0 13,284
Commissary Sales 5,774 0 0 0 0 0
Sale of Recycled Materials 0 0 39,556 0 0 6,002
E-Rate Funding 1,116 0 0 0 0 0
Miscellaneous Refunds 4,152 0 4 0 0 2,978
Expenditure Credits 5,026 0 0 0 0 0
Nonrecurring Items
Sale of Equipment 0 0 0 16,461 0 0
Damages Recovered from Individuals 1,482 0 0 0 0 0
Contributions and Gifts 22,090 0 0 0 0 3,000
Performance Bond Forfeitures 9,500 0 0 0 0 0
Other Local Revenues 1,655 0 0 0 0 0
Total Other Local Revenues $ 694,921 $ 0 $ 39,565 $ 16,461 $ 0 $ 25,326
(Continued)
145
Exhibit J-5


Fees Received From County Officials

Fees In-Lieu-of Salary
County Clerk $ 587,501 $ 0 $ 0 $ 0 $ 0 $ 0
Circuit Court Clerk 271,044 0 0 0 0 0
Clerk and Master 157,772 0 0 0 0 0
Register 351,723 0 0 0 0 0
Sheriff 25,098 0 0 0 0 0
Trustee 916,586 0 0 0 0 0
Total Fees Received From County Officials $ 2,309,724 $ 0 $ 0 $ 0 $ 0 $ 0
State of Tennessee
General Government Grants
Juvenile Services Program $ 9,000 $ 0 $ 0 $ 0 $ 0 $ 0
Public Safety Grants
Law Enforcement Training Programs 35,200 0 0 0 0 0
Health and Welfare Grants
Health Department Programs 8,724 0 0 0 0 0
Public Works Grants
State Aid Program 0 0 0 0 0 325,553
Litter Program 75,642 0 0 0 0 0
Other State Revenues
Income Tax 9,025 0 0 0 0 0
Vehicle Certificate of Title Fees 14,082 0 0 0 0 0
Alcoholic Beverage Tax 114,593 0 0 0 0 0
State Revenue Sharing - T.V.A. 268,933 0 18,582 0 0 11,920
State Revenue Sharing - Telecommunications 69,481 0 0 0 0 0
State Shared Sports Gaming Privilege Tax 25,096 0 0 0 0 0
(Continued)
146
Exhibit J-5


State of Tennessee (Cont.)

Other State Revenues (Cont.)
Prisoner Transportation $ 685 $ 0 $ 0 $ 0 $ 0 $ 0
Contracted Prisoner Boarding 146,718 0 0 0 0 0
Gasoline and Motor Fuel Tax 0 0 0 0 0 2,395,733
Petroleum Special Tax 0 0 0 0 0 27,381
Registrar's Salary Supplement 15,164 0 0 0 0 0
Other State Grants 0 0 0 0 0 0
Other State Revenues 31,463 0 0 0 0 0
Total State of Tennessee $ 823,806 $ 0 $ 18,582 $ 0 $ 0 $ 2,760,587
Federal Government
Federal Through State
Civil Defense Reimbursement $ 33,055 $ 0 $ 0 $ 0 $ 0 $ 0
Disaster Relief 11,663 0 0 0 0 38,419
Homeland Security Grants 19,930 0 0 0 0 0
COVID-19 Grant #4 9,922 0 0 0 0 0
Other Federal through State 187,932 0 0 0 0 0
Direct Federal Revenue
Police Service (Lake Area) 26,160 0 0 0 0 0
Total Federal Government $ 288,662 $ 0 $ 0 $ 0 $ 0 $ 38,419
Other Governments and Citizens Groups

Other Governments
Contributions $ 339,508 $ 0 $ 0 $ 0 $ 0 $ 0
Total Other Governments and Citizens Groups $ 339,508 $ 0 $ 0 $ 0 $ 0 $ 0
Total $ 23,451,276 $ 6,903 $ 1,458,178 $ 110,862 $ 8,311 $ 3,929,763
(Continued)
147
Exhibit J-5

Debt Service Funds Capital Projects Funds
General Education General Other Other

Debt Debt Capital Capital Capital
Service Service Projects Projects - Projects (Jail) Total
Local Taxes
Current Property Tax $ 574,236 $ 1,428,375 $ 169,201 $ 600,644 $ 1,534,886 $ 19,284,500
Trustee's Collections - Prior Year 9,515 24,243 1,820 9,504 25,312 308,959
Circuit Clerk/Clerk and Master Collections - Prior Years 5,147 13,090 1,388 5,315 13,759 167,088
Interest and Penalty 4,342 11,023 1,127 4,469 11,414 148,175
Pickup Taxes 1,110 2,763 326 1,160 2,896 37,031
Payments in-Lieu-of Taxes - T.V.A. 0 0 0 0 0 1,108
Payments in-Lieu-of Taxes - Local Utilities 3,479 8,746 856 3,561 9,300 115,004
Payments in-Lieu-of Taxes - Other 659 8,835 155 672 1,762 28,899
Local Option Sales Tax 0 3,853,249 0 0 0 3,853,249
Hotel/Motel Tax 0 0 0 0 0 413,365
Wheel Tax 0 1,346,559 0 0 0 1,795,412
Litigation Tax - General 0 0 0 0 0 84,772
Litigation Tax - Jail, Workhouse, or Courthouse 0 0 0 0 0 29,509
Business Tax 436,575 0 0 0 0 437,075
Adequate Facilities/Development Tax 0 1,027,069 0 0 0 1,133,698
Other County Local Option Taxes 0 0 0 0 0 1,543,251
Statutory Local Taxes
Bank Excise Tax 0 0 0 0 0 168,812
Wholesale Beer Tax 0 0 0 0 0 303,372
Beer Privilege Tax 0 0 0 0 0 2,098
Total Local Taxes $ 1,035,063 $ 7,723,952 $ 174,873 $ 625,325 $ 1,599,329 $ 29,855,377
(Continued)
148
Exhibit J-5



Licenses
Animal Registration $ 0 $ 0 $ 0 $ 0 $ 0 $ 12,139
Cable TV Franchise 0 0 0 0 0 232,592
Permits
Beer Permits 0 0 0 0 0 250
Building Permits 0 0 0 0 0 333,276
Other Permits 0 0 0 0 0 2,380
Total Licenses and Permits $ 0 $ 0 $ 0 $ 0 $ 0 $ 580,637
Fines, Forfeitures, and Penalties

Circuit Court
Fines $ 0 $ 0 $ 0 $ 0 $ 0 $ 15,242
Officers Costs 0 0 0 0 0 9,622
Data Entry Fee - Circuit Court 0 0 0 0 0 1,020
Fines 0 0 0 0 0 19,364
Officers Costs 0 0 0 0 0 81,184
Game and Fish Fines 0 0 0 0 0 360
Jail Fees 0 0 0 0 0 56,917
Judicial Commissioner Fees 0 0 0 0 0 71
DUI Treatment Fines 0 0 0 0 0 8,656
Data Entry Fee - General Sessions Court 0 0 0 0 0 9,449
Courtroom Security Fee 0 0 0 0 0 1,045
Juvenile Court
Fines 0 0 0 0 0 2,006
Data Entry Fee - Juvenile Court 0 0 0 0 0 996
(Continued)
149
Exhibit J-5


Fines, Forfeitures, and Penalties (Cont.)

Chancery Court
Officers Costs $ 0 $ 0 $ 0 $ 0 $ 0 $ 120
Data Entry Fee - Chancery Court 0 0 0 0 0 3,646
Other Courts - In-county
Drug Control Fines 0 0 0 0 0 25,074
Judicial District Drug Program
Drug Task Force Forfeitures and Seizures 0 0 0 0 0 69,327
Total Fines, Forfeitures, and Penalties $ 0 $ 0 $ 0 $ 0 $ 0 $ 304,099

General Service Charges
Self-Insurance Premiums/Contributions $ 0 $ 0 $ 0 $ 0 $ 0 $ 8,311
Tipping Fees 0 0 0 0 0 461,688
Surcharge - Waste Tire Disposal 0 0 0 0 0 13,052
Patient Charges 0 0 0 0 0 1,319,253
Other General Service Charges 0 0 0 0 0 45,984
Fees
Engineer Review Fees 0 0 0 0 0 6,461
Copy Fees 0 0 0 0 0 3,547
Library Fees 0 0 0 0 0 2,086
Archives and Records Management Fee 0 0 0 0 0 35,882
Greenbelt Late Application Fee 0 0 0 0 0 100
Telephone Commissions 0 0 0 0 0 23,140
Constitutional Officers' Fees and Commissions 0 0 0 0 0 29,012
Data Processing Fee - Register 0 0 0 0 0 19,104
Probation Fees 0 0 0 0 0 31,955
(Continued)
150
Exhibit J-5



Fees (Cont.)
Data Processing Fee - Sheriff $ 0 $ 0 $ 0 $ 0 $ 0 $ 5,063
Sexual Offender Registration Fee - Sheriff 0 0 0 0 0 8,550
Data Processing Fee - County Clerk 0 0 0 0 0 14,973
Total Charges for Current Services $ 0 $ 0 $ 0 $ 0 $ 0 $ 2,028,161

Recurring Items
Investment Income $ 0 $ 0 $ 0 $ 0 $ 0 $ 125,177
Lease/Rentals 0 0 0 0 0 519,016
Sale of Materials and Supplies 0 0 0 0 0 13,284
Commissary Sales 0 0 0 0 0 5,774
Sale of Recycled Materials 0 0 0 0 0 45,558
E-Rate Funding 0 0 0 0 0 1,116
Miscellaneous Refunds 0 0 0 0 0 7,134
Expenditure Credits 0 0 0 0 0 5,026
Nonrecurring Items
Sale of Equipment 0 0 0 40,545 3,125 60,131
Damages Recovered from Individuals 0 0 0 0 0 1,482
Contributions and Gifts 0 0 0 0 0 25,090
Performance Bond Forfeitures 0 0 0 0 0 9,500
Other Local Revenues 0 0 0 0 0 1,655
Total Other Local Revenues $ 0 $ 0 $ 0 $ 40,545 $ 3,125 $ 819,943
(Continued)
151
Exhibit J-5


Fees Received From County Officials

Fees In-Lieu-of Salary
County Clerk $ 0 $ 0 $ 0 $ 0 $ 0 $ 587,501
Circuit Court Clerk 0 0 0 0 0 271,044
Clerk and Master 0 0 0 0 0 157,772
Register 0 0 0 0 0 351,723
Sheriff 0 0 0 0 0 25,098
Trustee 0 0 0 0 0 916,586
Total Fees Received From County Officials $ 0 $ 0 $ 0 $ 0 $ 0 $ 2,309,724
State of Tennessee
Juvenile Services Program $ 0 $ 0 $ 0 $ 0 $ 0 $ 9,000
Public Safety Grants
Law Enforcement Training Programs 0 0 0 0 0 35,200
Health and Welfare Grants
Health Department Programs 0 0 0 0 0 8,724
Public Works Grants
State Aid Program 0 0 0 0 0 325,553
Litter Program 0 0 0 0 0 75,642
Income Tax 0 0 0 0 0 9,025
Vehicle Certificate of Title Fees 0 0 0 0 0 14,082
Alcoholic Beverage Tax 0 0 0 0 0 114,593
State Revenue Sharing - T.V.A. 11,830 29,920 2,567 11,949 31,622 387,323
State Revenue Sharing - Telecommunications 0 0 0 0 0 69,481
State Shared Sports Gaming Privilege Tax 0 0 0 0 0 25,096
(Continued)
152
Exhibit J-5



Other State Revenues (Cont.)
Prisoner Transportation $ 0 $ 0 $ 0 $ 0 $ 0 $ 685
Contracted Prisoner Boarding 0 0 0 0 0 146,718
Gasoline and Motor Fuel Tax 0 0 0 0 0 2,395,733
Petroleum Special Tax 0 0 0 0 0 27,381
Registrar's Salary Supplement 0 0 0 0 0 15,164
Other State Grants 0 0 436,096 0 0 436,096
Other State Revenues 0 0 0 0 0 31,463
Total State of Tennessee $ 11,830 $ 29,920 $ 438,663 $ 11,949 $ 31,622 $ 4,126,959
Federal Government
Civil Defense Reimbursement $ 0 $ 0 $ 0 $ 0 $ 0 $ 33,055
Disaster Relief 0 0 0 0 0 50,082
Homeland Security Grants 0 0 0 0 0 19,930
COVID-19 Grant #4 0 0 0 0 0 9,922
Other Federal through State 0 0 0 0 0 187,932
Direct Federal Revenue
Police Service (Lake Area) 0 0 0 0 0 26,160
Total Federal Government $ 0 $ 0 $ 0 $ 0 $ 0 $ 327,081

Other Governments
Contributions $ 0 $ 0 $ 0 $ 0 $ 0 $ 339,508
Total Other Governments and Citizens Groups $ 0 $ 0 $ 0 $ 0 $ 0 $ 339,508
Total $ 1,046,893 $ 7,753,872 $ 613,536 $ 677,819 $ 1,634,076 $ 40,691,489
153
Exhibit J-6

General School Extended

Purpose Federal Central School Internal
School Projects Cafeteria Program School
Local Taxes
Current Property Tax $ 7,907,188 $ 0 $ 0 $ 0 $ 0
Trustee's Collections - Prior Year 141,953 0 0 0 0
Circuit Clerk/Clerk and Master Collections - Prior Years 78,446 0 0 0 0
Interest and Penalty 63,322 0 0 0 0
Pickup Taxes 15,330 0 0 0 0
Payments in-Lieu-of Taxes - Local Utilities 50,278 0 0 0 0
Payments in-Lieu-of Taxes - Other 5,305 0 0 0 0
Local Option Sales Tax 4,816,518 0 0 0 0
Wheel Tax 451,812 0 0 0 0
Mixed Drink Tax 47,953 0 0 0 0
Total Local Taxes $ 13,578,105 $ 0 $ 0 $ 0 $ 0

Licenses
Marriage Licenses $ 2,793 $ 0 $ 0 $ 0 $ 0
Total Licenses and Permits $ 2,793 $ 0 $ 0 $ 0 $ 0

Education Charges
Lunch Payments - Children $ 0 $ 0 $ 194,649 $ 0 $ 0
Lunch Payments - Adults 0 0 41,909 0 0
Income from Breakfast 0 0 11,991 0 0
A la Carte Sales 0 0 51,330 0 0
(Continued)
154
Exhibit J-6



Education Charges (Cont.)
Receipts from Individual Schools $ 62,016 $ 0 $ 0 $ 0 $ 0
Community Service Fees - Children 0 0 0 1,051,529 0
Other Charges for Services 0 0 29,057 0 0
Total Charges for Current Services $ 62,016 $ 0 $ 328,936 $ 1,051,529 $ 0

Recurring Items
Investment Income $ (31,045) $ 0 $ 6 $ 0 $ 0
Miscellaneous Refunds 166,324 0 9,249 0 0
Nonrecurring Items
Sale of Equipment 73,545 0 0 0 0
Damages Recovered from Individuals 5,691 0 0 0 0
Contributions and Gifts 32,059 0 300 0 0
Other Local Revenues 129,985 0 0 1,805 2,164,625
Total Other Local Revenues $ 376,559 $ 0 $ 9,555 $ 1,805 $ 2,164,625
State of Tennessee
On-behalf Contributions for OPEB $ 102,367 $ 0 $ 0 $ 0 $ 0
State Education Funds
Basic Education Program 34,192,972 0 0 0 0
Early Childhood Education 484,966 0 0 0 0
School Food Service 0 0 26,357 0 0
(Continued)
155
Exhibit J-6



State Education Funds (Cont.)
Other State Education Funds $ 1,036,453 $ 0 $ 0 $ 4,074 $ 0
Coordinated School Health 105,000 0 0 0 0
Career Ladder Program 52,918 0 0 0 0
State Revenue Sharing - T.V.A. 172,869 0 0 0 0
Other State Grants 11,120 0 0 0 0
Safe Schools 107,482 0 0 0 0
Other State Revenues 1,311 0 0 0 0
Total State of Tennessee $ 36,267,458 $ 0 $ 26,357 $ 4,074 $ 0
Federal Government
USDA School Lunch Program $ 0 $ 0 $ 3,020,090 $ 0 $ 0
USDA - Commodities 0 0 138,224 0 0
Breakfast 0 0 964,213 0 0
USDA - Other 0 0 146,223 0 0
Vocational Education - Basic Grants to States 0 76,468 0 0 0
Title I Grants to Local Education Agencies 0 657,416 0 0 0
Special Education - Grants to States 79,362 1,376,047 0 0 0
Special Education Preschool Grants 0 33,796 0 0 0
English Language Acquisition Grants 0 11,641 0 0 0
21st Century Community Learning Centers 0 89,656 0 0 0
Eisenhower Professional Development State Grants 0 169,918 0 0 0
COVID-19 Grant #1 0 19,371 0 0 0
(Continued)
156
Exhibit J-6


Federal Government (Cont.)

Federal Through State (Cont.)
COVID-19 Grant B $ 0 $ 778,340 $ 0 $ 0 $ 0
COVID-19 Grant C 0 0 0 792,210 0
COVID-19 Grant D 0 39,993 0 0 0
COVID-19 Grant E 0 240,397 0 0 0
American Rescue Plan Act Grant #1 0 1,972,206 0 0 0
American Rescue Plan Act Grant #2 0 68,233 0 0 0
American Rescue Plan Act Grant #3 0 756 0 0 0
Other Federal through State 219,172 58,705 0 0 0
Total Federal Government $ 298,534 $ 5,592,943 $ 4,268,750 $ 792,210 $ 0

Other Governments
Contributions $ 0 $ 0 $ 0 $ 0 $ 0
Other
Other 126,441 0 0 0 0
Total Other Governments and Citizens Groups $ 126,441 $ 0 $ 0 $ 0 $ 0
Total $ 50,711,906 $ 5,592,943 $ 4,633,598 $ 1,849,618 $ 2,164,625
(Continued)
157
Exhibit J-6

Capital
Projects Fund
Education
Capital
Projects Total
Local Taxes
Current Property Tax $ 0 $ 7,907,188
Trustee's Collections - Prior Year 0 141,953
Circuit Clerk/Clerk and Master Collections - Prior Years 0 78,446
Interest and Penalty 0 63,322
Pickup Taxes 0 15,330
Payments in-Lieu-of Taxes - Local Utilities 0 50,278
Payments in-Lieu-of Taxes - Other 0 5,305
Local Option Sales Tax 0 4,816,518
Wheel Tax 0 451,812
Mixed Drink Tax 0 47,953
Total Local Taxes $ 0 $ 13,578,105

Licenses
Marriage Licenses $ 0 $ 2,793
Total Licenses and Permits $ 0 $ 2,793

Education Charges
Lunch Payments - Children $ 0 $ 194,649
Lunch Payments - Adults 0 41,909
Income from Breakfast 0 11,991
A la Carte Sales 0 51,330
(Continued)
158
Exhibit J-6

Capital
Projects Fund
Education
Capital
Projects Total

Education Charges (Cont.)
Receipts from Individual Schools $ 0 $ 62,016
Community Service Fees - Children 0 1,051,529
Other Charges for Services 0 29,057
Total Charges for Current Services $ 0 $ 1,442,481

Recurring Items
Investment Income $ 0 $ (31,039)
Miscellaneous Refunds 0 175,573
Nonrecurring Items
Sale of Equipment 0 73,545
Damages Recovered from Individuals 0 5,691
Contributions and Gifts 0 32,359
Other Local Revenues 0 2,296,415
Total Other Local Revenues $ 0 $ 2,552,544
State of Tennessee
On-behalf Contributions for OPEB $ 0 $ 102,367
State Education Funds
Basic Education Program 0 34,192,972
Early Childhood Education 0 484,966
School Food Service 0 26,357
(Continued)
159
Exhibit J-6

Capital
Projects Fund
Education
Capital
Projects Total

State Education Funds (Cont.)
Other State Education Funds $ 0 $ 1,040,527
Coordinated School Health 0 105,000
Career Ladder Program 0 52,918
State Revenue Sharing - T.V.A. 0 172,869
Other State Grants 0 11,120
Safe Schools 0 107,482
Other State Revenues 0 1,311
Total State of Tennessee $ 0 $ 36,297,889
Federal Government
USDA School Lunch Program $ 0 $ 3,020,090
USDA - Commodities 0 138,224
Breakfast 0 964,213
USDA - Other 0 146,223
Vocational Education - Basic Grants to States 0 76,468
Title I Grants to Local Education Agencies 0 657,416
Special Education - Grants to States 0 1,455,409
Special Education Preschool Grants 0 33,796
English Language Acquisition Grants 0 11,641
21st Century Community Learning Centers 0 89,656
Eisenhower Professional Development State Grants 0 169,918
COVID-19 Grant #1 0 19,371
(Continued)
160
Exhibit J-6

Capital
Projects Fund
Education
Capital
Projects Total
Federal Government (Cont.)

Federal Through State (Cont.)
COVID-19 Grant B $ 0 $ 778,340
COVID-19 Grant C 0 792,210
COVID-19 Grant D 0 39,993
COVID-19 Grant E 0 240,397
American Rescue Plan Act Grant #1 0 1,972,206
American Rescue Plan Act Grant #2 0 68,233
American Rescue Plan Act Grant #3 0 756
Other Federal through State 0 277,877
Total Federal Government $ 0 $ 10,952,437

Other Governments
Contributions $ 4,222,851 $ 4,222,851
Other
Other 0 126,441
Total Other Governments and Citizens Groups $ 4,222,851 $ 4,349,292
Total $ 4,222,851 $ 69,175,541
161
Exhibit J-7

Schedule of Detailed Expenditures -
General Fund
General Government
County Commission
Other Salaries and Wages $ 7,407
Board and Committee Members Fees 78,740
Audit Services 16,840
Data Processing Services 3,679
Dues and Memberships 1,550
Legal Services 20,120
Other Supplies and Materials 85
Total County Commission $ 128,421
Beer Board
Other Charges $ 1,000
Total Beer Board 1,000
County Mayor/Executive
County Official/Administrative Officer $ 98,425
Secretary(ies) 53,715
Communication 503
Maintenance and Repair Services - Office Equipment 622
Maintenance and Repair Services - Vehicles 119
Travel 461
Gasoline 1,126
Office Supplies 1,234
Other Charges 12
Office Equipment 2,400
Total County Mayor/Executive 179,205
Personnel Office
Supervisor/Director $ 60,936
Contracts with Private Agencies 5,255
Printing, Stationery, and Forms 348
Travel 301
Office Supplies 415
Total Personnel Office 67,405
Election Commission
Attendants 73,443
Election Workers 26,398
In-service Training 465
Other Per Diem and Fees 670
Advertising 3,175
Communication 748
(Continued)
162
Exhibit J-7


General Government (Cont.)
Election Commission (Cont.)
Maintenance and Repair Services - Equipment $ 27,134
Postal Charges 10,574
Printing, Stationery, and Forms 5,679
Travel 286
Data Processing Equipment 3,833
Office Equipment 747
Total Election Commission $ 237,767
Register of Deeds
Deputy(ies) 109,765
Part-time Personnel 6,136
Dues and Memberships 833
Legal Services 40
Maintenance and Repair Services - Office Equipment 1,642
Travel 1,304
Total Register of Deeds 217,396
Building
Supervisor/Director 51,182
Investigator(s) 39,832
Communication 1,260
Consultants 14,080
Engineering Services 13,929
Maintenance and Repair Services - Equipment 4,338
Maintenance and Repair Services - Vehicles 2,651
Travel 384
Other Contracted Services 5,307
Gasoline 4,121
Library Books/Media 1,027
Office Supplies 630
Uniforms 134
Total Building 266,626
(Continued)
163
Exhibit J-7


General Government (Cont.)
County Buildings
Assistant(s) $ 39,518
Custodial Personnel 103,392
Maintenance Personnel 29,930
Communication 1,959
Maintenance and Repair Services - Buildings 121,231
Maintenance and Repair Services - Equipment 800
Pest Control 6,800
Remittance of Revenue Collected 38,072
Custodial Supplies 19,589
Diesel Fuel 1,962
Drugs and Medical Supplies 3,260
Electricity 212,546
Fertilizer, Lime, and Seed 6,785
Gasoline 5,557
Natural Gas 43,096
Office Supplies 735
Propane Gas 9,114
Uniforms 12,355
Water and Sewer 127,514
Other Supplies and Materials 3,042
Liability Insurance 9,234
Building Improvements 266,586
Communication Equipment 38
Heating and Air Conditioning Equipment 15,000
Other Equipment 2,762
Total County Buildings $ 1,231,170
Other General Administration

Gasoline $ 55,340
Total Other General Administration 55,340
Preservation of Records
Part-time Personnel $ 17,182
Total Preservation of Records 20,614
Finance
Accounting and Budgeting
Assistant(s) 60,691
Salary Supplements 10,535
(Continued)
164
Exhibit J-7


Finance (Cont.)
Accounting and Budgeting (Cont.)
Clerical Personnel $ 80,598
Advertising 9,878
Total Accounting and Budgeting $ 331,841
Property Assessor's Office

Deputy(ies) 166,102
Assessment Personnel 39,486
Consultants 475
Gasoline 1,900
Office Supplies 638
Total Property Assessor's Office 334,468
County Trustee's Office

Deputy(ies) 79,234
Total County Trustee's Office 232,778
County Clerk's Office

Deputy(ies) 343,055
Other Salaries and Wages 6,000
Communication 2,238
(Continued)
165
Exhibit J-7


Finance (Cont.)
County Clerk's Office (Cont.)
Data Processing Services $ 37,817
Travel 6,603
Total County Clerk's Office $ 526,630
Data Processing
Communication $ 72,163
Internet Connectivity 41,646
Office Equipment 39
Total Data Processing 194,968
Administration of Justice
Circuit Court
Deputy(ies) 422,360
Jury and Witness Expense 8,222
Legal Services 120
Maintenance and Repair Services - Buildings 108
Total Circuit Court 583,824

Judge(s) $ 114,029
Library Books/Media 67
Total General Sessions Court 134,605
Chancery Court
Deputy(ies) 153,363
Legal Services 40
Travel 147
Total Chancery Court 264,268
(Continued)
166
Exhibit J-7


Administration of Justice (Cont.)
Juvenile Court
Judge(s) $ 53,341
Probation Officer(s) 118,755
Social Workers 49,421
Communication 3,295
Contracts with Government Agencies 3,040
Evaluation and Testing 1,500
Travel 86
Gasoline 293
Total Juvenile Court $ 366,146
District Attorney General

Contributions $ 18,000
Total District Attorney General 18,000
Probation Services
Probation Officer(s) $ 89,279
Attendants 30,334
In-service Training 1,810
Communication 1,800
Data Processing Services 810
Office Supplies 999
Total Probation Services 139,783
Courtroom Security
Uniforms 1,376
Law Enforcement Equipment 3,932
Total Courtroom Security 115,891
Victim Assistance Programs

Psychological Personnel $ 45,148
Travel 152
Total Victim Assistance Programs 45,300
(Continued)
167
Exhibit J-7


Public Safety
Sheriff's Department
Assistant(s) 41,410
Deputy(ies) 835,512
Detective(s) 57,880
Investigator(s) 149,158
Lieutenant(s) 115,760
Sergeant(s) 366,888
Clerical Personnel 142,919
School Resource Officer 581,542
Overtime Pay 83,116
Communication 63,803
Travel 25,307
Gasoline 152,338
Instructional Supplies and Materials 654
Law Enforcement Supplies 10,595
Tires and Tubes 15,787
Uniforms 37,534
Vehicle and Equipment Insurance 69,256
Workers' Compensation Insurance 72,738
Other Charges 2,440
Total Sheriff's Department $ 3,402,045
Jail
Sergeant(s) 294,815
Foremen 79,354
Guards 684,669
Maintenance Personnel 29,377
Overtime Pay 31,648
Communication 6,877
(Continued)
168
Exhibit J-7


Public Safety (Cont.)
Jail (Cont.)
Contracts with Private Agencies $ 6,000
Maintenance and Repair Services - Vehicles 737
Medical and Dental Services 666,556
Travel 2,754
Food Supplies 176,641
Gasoline 13,869
Law Enforcement Supplies 552
Prisoners Clothing 8,313
Uniforms 4,718
Communication Equipment 100,577
Food Service Equipment 2,110
Law Enforcement Equipment 169
Motor Vehicles 16,950
Total Jail $ 2,412,692
Rural Fire Protection

Contracts with Government Agencies $ 200,000
Remittance of Revenue Collected 1,111,089
Total Rural Fire Protection 1,311,089
Other Emergency Management

Communication 4,093
Travel 650
Diesel Fuel 32
Gasoline 2,768
Uniforms 1,089
Other Charges 810
(Continued)
169
Exhibit J-7


Other Emergency Management (Cont.)
Office Equipment $ 863
Total Other Emergency Management $ 478,205
County Coroner/Medical Examiner

Medical and Dental Services $ 106,725
Total County Coroner/Medical Examiner 108,875
Other Public Safety

Dispatchers/Radio Operators 557,436
Total Other Public Safety 645,985

Local Health Center
Clerical Personnel $ 6,996
Janitorial Services 10,200
Custodial Supplies 666
Office Supplies 359
Other Charges 169
Total Local Health Center 18,830
Rabies and Animal Control

Deputy(ies) 62,757
Communication 4,984
Licenses 203
Veterinary Services 30,449
Animal Food and Supplies 3,423
Gasoline 8,000
Office Supplies 564
Uniforms 424
Other Charges 12,850
Total Rabies and Animal Control 294,872
(Continued)
170
Exhibit J-7


Ambulance/Emergency Medical Services
Attendants 1,826,899
Temporary Personnel 10,010
Consultants 600
Contracts with Private Agencies 280
Licenses 2,500
Rentals 19,200
Travel 724
Remittance of Revenue Collected 94,211
Disposal Fees 6,589
Custodial Supplies 85
Gasoline 58,943
Uniforms 18,546
Furniture and Fixtures 940
Total Ambulance/Emergency Medical Services $ 2,618,535
General Welfare Assistance

Contracts with Government Agencies $ 32,420
Total General Welfare Assistance 32,420
Sanitation Education/Information
Foremen $ 30,962
Gasoline 4,000
Instructional Supplies and Materials 11,050
Uniforms 300
Total Sanitation Education/Information 47,876
(Continued)
171
Exhibit J-7


Social, Cultural, and Recreational Services
Senior Citizens Assistance
Matching Share $ 115,283
Total Senior Citizens Assistance $ 115,283
Libraries
Travel 968
Total Libraries 300,027
Agriculture and Natural Resources

Agricultural Extension Service
Salary Supplements $ 54,230
Educational Assistants 20,659
Board and Committee Members Fees 275
Communication 3,095
Travel 3,520
Office Supplies 952
Total Agricultural Extension Service 87,939
Soil Conservation
Secretary(ies) $ 37,830
Travel 4,191
Other Contracted Services 785
Total Soil Conservation 43,341
Other Operations
Other Economic and Community Development
Electricity 2,422
Total Other Economic and Community Development 114,689
Veterans' Services
Data Processing Personnel 35,063
(Continued)
172
Exhibit J-7


Other Operations (Cont.)
Veterans' Services (Cont.)
Travel 236
Office Supplies 521
Total Veterans' Services $ 105,332
Other Charges
Trustee's Commission $ 358,540
Total Other Charges 358,540
Contributions to Other Agencies

Contributions $ 239,373
Total Contributions to Other Agencies 239,373
Employee Benefits
Social Security $ 816,381
Pensions 452,033
Life Insurance 20,152
Medical Insurance 1,836,274
Total Employee Benefits 3,124,840
Miscellaneous
Longevity Pay $ 86,096
Disability Insurance 29,963
Unemployment Compensation 5,010
Building and Contents Insurance 94,182
Premiums on Corporate Surety Bonds 4,641
Total Miscellaneous 300,713
Capital Projects
Public Safety Projects
Building Construction $ 7,726
Total Public Safety Projects 7,726
Highway and Street Capital Projects

Contracts with Government Agencies $ 420
Total Highway and Street Capital Projects 420
Education Capital Projects

Building Construction $ 64,518
Total Education Capital Projects 64,518
Total General Fund $ 21,927,611
(Continued)
173
Exhibit J-7

Courthouse and Jail Maintenance Fund

General Government
County Buildings
Building Improvements $ 7,696
Total County Buildings $ 7,696

Trustee's Commission $ 69
Total Other General Administration 69
Total Courthouse and Jail Maintenance Fund $ 7,765
Solid Waste/Sanitation Fund

General Government
Total Other General Administration $ 23,656

Sanitation Management
Equipment Operators 73,749
Truck Drivers 60,680
Advertising 74
Communication 7,458
Legal Services 300
Travel 224
Electricity 3,569
Office Supplies 775
Total Sanitation Management 295,227
Convenience Centers
Laborers $ 161,792
Communication 6,022
Rentals 13,309
Travel 1,833
Diesel Fuel 47,503
(Continued)
174
Exhibit J-7

Solid Waste/Sanitation Fund (Cont.)

Convenience Centers (Cont.)
Electricity $ 7,636
Equipment and Machinery Parts 1,001
Total Convenience Centers $ 893,506
Transfer Stations
Consultants $ 1,500
Evaluation and Testing 18,319
Licenses 1,150
Crushed Stone 1,932
Solid Waste Equipment 8,000
Total Transfer Stations 76,156
Other Operations
Employee Benefits
Social Security 29,670
Pensions 10,103
Life Insurance 504
Medical Insurance 28,066
Total Employee Benefits 69,443
Miscellaneous
Disability Insurance $ 723
Total Miscellaneous 723
Total Solid Waste/Sanitation Fund $ 1,358,711
Drug Control Fund

General Government
Trustee's Commission $ 510
Total Other General Administration $ 510
Public Safety
Drug Enforcement
In-service Training $ 3,185
Communication 1,310
Confidential Drug Enforcement Payments 2,000
(Continued)
175
Exhibit J-7

Drug Control Fund (Cont.)

Drug Enforcement (Cont.)
Maintenance and Repair Services - Vehicles $ 7,308
Travel 974
Veterinary Services 463
Animal Food and Supplies 398
Gasoline 12,770
Law Enforcement Supplies 5,020
Uniforms 440
Water and Sewer 363
Total Drug Enforcement $ 54,583
Total Drug Control Fund $ 55,093
Unemployment Compensation Fund

General Government
Unemployment Compensation $ 2,711
Total Unemployment Compensation Fund 2,711
Highway/Public Works Fund

Highways
Administration
Assistant(s) 34,258
Advertising 484
Travel 990
Office Supplies 665
Total Administration $ 206,260
Highway and Bridge Maintenance

Foremen $ 179,451
Equipment Operators - Heavy 456,606
Truck Drivers 330,777
Laborers 41,437
Overtime Pay 26,938
Rentals 1,577
(Continued)
176
Exhibit J-7

Highway/Public Works Fund (Cont.)

Highways (Cont.)
Highway and Bridge Maintenance (Cont.)
Asphalt - Cold Mix $ 22,067
Asphalt - Hot Mix 25,422
Asphalt - Liquid 108,299
Concrete 22
Crushed Stone 100,438
Pipe - Metal 28,051
Road Signs 19,211
Salt 49,250
Total Highway and Bridge Maintenance $ 2,306,034
Operation and Maintenance of Equipment

Foremen $ 64,914
Mechanic(s) 140,192
Overtime Pay 6,409
Diesel Fuel 97,696
Equipment Parts - Light 13,400
Garage Supplies 5,431
Gasoline 57,148
Lubricants 6,266
Propane Gas 8,393
Small Tools 949
Uniforms 11,492
Total Operation and Maintenance of Equipment 498,539
Other Charges
Communication $ 4,762
Penalties 547
Electricity 14,403
Natural Gas 1,859
Water and Sewer 640
Trustee's Commission 41,342
Total Other Charges 149,062
Employee Benefits
Pensions 64,852
Total Employee Benefits 461,998
(Continued)
177
Exhibit J-7

Highway/Public Works Fund (Cont.)

Highways (Cont.)
Capital Outlay
Bridge Construction $ 69,696
State Aid Projects 316,342
Total Capital Outlay $ 436,400
Principal on Debt
Highways and Streets
Principal on Notes $ 133,333
Total Highways and Streets 133,333
Interest on Debt
Highways and Streets
Interest on Notes $ 8,038
Total Highways and Streets 8,038
Total Highway/Public Works Fund $ 4,199,664
General Debt Service Fund

General Government
Principal on Debt
General Government
Principal on Notes $ 500,666
Principal on Other Loans 671,000
Total General Government 1,171,666
Interest on Debt
General Government
Interest on Notes $ 21,634
Interest on Other Loans 197,717
Total General Government 219,351
Total General Debt Service Fund 1,407,450

General Government
Principal on Debt
Education
Principal on Bonds $ 418,700
(Continued)
178
Exhibit J-7

Education Debt Service Fund (Cont.)

Principal on Debt (Cont.)
Education (Cont.)
Principal on Notes $ 7,278,664
Principal on Other Loans 430,344
Total Education $ 8,127,708
Interest on Debt
Education
Interest on Bonds $ 13,330
Interest on Notes 38,433
Interest on Other Loans 8,004
Total Education 59,767
Total Education Debt Service Fund $ 8,275,300
General Capital Projects Fund

General Government
Capital Projects
General Administration Projects
Other Capital Outlay $ 140,088
Total General Administration Projects 140,088

Building Improvements $ 6,524
Total Public Safety Projects 6,524
Other General Government Projects

Other Charges $ 29,037
Total Other General Government Projects 29,037
Highway and Street Capital Projects

Site Development $ 917,943
Total Highway and Street Capital Projects 917,943
Total General Capital Projects Fund 1,097,079

Capital Projects
Contributions $ 4,222,851
Total Education Capital Projects $ 4,222,851
Total Education Capital Projects Fund 4,222,851
(Continued)
179
Exhibit J-7

Other Capital Projects Fund

General Government
Capital Projects
Other General Government Projects
Motor Vehicles $ 485,339
Total Other General Government Projects 485,339
Total Other Capital Projects Fund $ 497,845
Other Capital Projects (Jail) Fund

General Government
Capital Projects
Legal Services $ 8,380
Site Development 1,807,207
Total Public Safety Projects 1,815,587
Total Other Capital Projects (Jail) Fund 1,847,586
Total Governmental Funds - Primary Government $ 44,899,666
180
Exhibit J-8

General Purpose School Fund

Instruction
Regular Instruction Program
Teachers $ 16,338,496
Career Ladder Program 30,800
Social Security 1,000,430
Pensions 1,456,852
Medical Insurance 2,174,648
Dental Insurance 68,307
Employer Medicare 234,893
Other Fringe Benefits 14,929
Tuition 694
Textbooks - Bound 6,136
Software 2,700
Fee Waivers 73,810
Other Charges 1,796
Regular Instruction Equipment 60,670
Total Regular Instruction Program $ 22,928,766
Special Education Program

Teachers $ 2,114,502
Speech Pathologist 581,651
Pensions 247,207
Licenses 1,800
Special Education Equipment 395
Total Special Education Program 4,319,411
Career and Technical Education Program

Teachers $ 801,223
Pensions 69,198
(Continued)
181
Exhibit J-8


Instruction (Cont.)
Career and Technical Education Program (Cont.)
Employer Medicare $ 10,660
Other Fringe Benefits 365
Total Career and Technical Education Program $ 1,018,609
Support Services
Attendance
Pensions 1,461
Dental Insurance 156
Employer Medicare 302
In Service/Staff Development 612
Total Attendance 24,707
Health Services
Medical Personnel 253,876
Pensions 49,341
Communication 600
Travel 2,441
Health Equipment 27,169
Total Health Services 509,644
Other Student Support

Career Ladder Program $ 4,000
Guidance Personnel 916,818
Pensions 84,073
(Continued)
182
Exhibit J-8


Other Student Support (Cont.)
In Service/Staff Development $ 15,457
Other Charges 1,649
Total Other Student Support $ 1,286,842

Librarians 643,050
Materials Supervisor 22,513
Pensions 101,232
Communication 1,200
Travel 55,452
Software 100
In Service/Staff Development 9,797
Other Charges 3,934
Other Equipment 500
Total Regular Instruction Program 1,606,114

Psychological Personnel 228,659
Pensions 33,066
Travel 209
Special Education Equipment 14,045
Total Special Education Program 545,295

(Continued)
183
Exhibit J-8


Social Security $ 2,161
Pensions 3,591
Total Career and Technical Education Program $ 43,294
Technology
Pensions 11,452
Licenses 10,680
Internet Connectivity 171,371
Software 129,542
Total Technology 918,285
Other Programs
On-behalf Payments to OPEB $ 102,367
Total Other Programs 102,367
Board of Education
Board and Committee Members Fees $ 16,200
Audit Services 11,000
Trustee's Commission 275,752
Criminal Investigation of Applicants - TBI 2,434
Other Charges 7,834
Total Board of Education 618,276
(Continued)
184
Exhibit J-8


Director of Schools
Pensions 12,041
Travel 7,643
Food Supplies 2,515
Refunds 3,000
Other Charges 1,606
Administration Equipment 3,000
Total Director of Schools $ 290,929
Office of the Principal

Principals $ 1,017,939
Assistant Principals 421,228
Pensions 173,637
Travel 3,253
Software 7,113
Total Office of the Principal 2,901,045
Fiscal Services
Accountants/Bookkeepers 253,022
(Continued)
185
Exhibit J-8


Fiscal Services (Cont.)
Pensions $ 19,726
Travel 139
Data Processing Supplies 1,835
Total Fiscal Services $ 430,943
Human Services/Personnel
Pensions 6,612
Total Human Services/Personnel 119,648
Operation of Plant
Janitorial Services $ 1,076,425
Disposal Fees 130,886
Electricity 1,130,298
Natural Gas 98,952
Total Operation of Plant 2,961,311
Maintenance of Plant
Pensions 4,688
Communication 880
Licenses 37,961
Pest Control 19,420
Permits 2,085
(Continued)
186
Exhibit J-8


Maintenance of Plant (Cont.)
Other Contracted Services $ 851,647
Total Maintenance of Plant $ 1,414,696
Transportation
Mechanic(s) 105,334
Bus Drivers 1,060,422
Guards 35,110
Bonus Payments 40,600
Pensions 68,598
Communication 3,662
Medical and Dental Services 3,675
Diesel Fuel 242,396
Gasoline 51,104
Lubricants 4,025
Vehicle Parts 66,285
Software 770
Other Charges 3,866
Total Transportation 2,412,304

Food Service
Cafeteria Personnel $ 36,278
Pensions 1,646
Total Food Service 40,699
(Continued)
187
Exhibit J-8


Operation of Non-Instructional Services (Cont.)
Early Childhood Education
Teachers 243,710
Pensions 26,493
Food Supplies 5,356
Other Charges 1,185
Total Early Childhood Education $ 463,410
Total General Purpose School Fund $ 44,956,595
School Federal Projects Fund

Instruction
Teachers $ 415,083
Pensions 62,867
Software 366,019
Regular Instruction Equipment 210,221
Total Regular Instruction Program $ 1,857,969

Teachers $ 8,130
Speech Pathologist 7,927
Other Salaries and Wages 500
Pensions 38,530
(Continued)
188
Exhibit J-8

School Federal Projects Fund (Cont.)

Instruction (Cont.)
Special Education Program (Cont.)
Medical Insurance $ 234,318
Special Education Equipment 23,340
Total Special Education Program $ 1,214,430

Educational Assistants $ 8,424
Pensions 7,666
Vocational Instruction Equipment 145,274
Total Career and Technical Education Program 311,488
Support Services
Attendance
Bonus Payments $ 188
Social Security 12
Pensions 13
Employer Medicare 3
Total Attendance 216
Health Services
Medical Personnel $ 102,837
Pensions 7,875
Total Health Services 143,571
Other Student Support

Bonus Payments $ 15,000
(Continued)
189
Exhibit J-8


Other Student Support (Cont.)
Other Salaries and Wages $ 146,972
Pensions 15,046
Communication 600
Travel 5,593
Other Charges 23
Total Other Student Support $ 259,890

Pensions 40,584
Travel 2,300
Total Regular Instruction Program 667,946

Medical Personnel $ 83,418
Pensions 22,634
Total Special Education Program 334,161

Bonus Payments 225
Social Security 138
(Continued)
190
Exhibit J-8


Pensions $ 113
Total Career and Technical Education Program $ 2,674
Technology
Instructional Computer Personnel $ 61,652
Pensions 1,531
Total Technology 87,659
Director of Schools
Social Security 93
Pensions 86
Total Director of Schools 1,701
Office of the Principal

Assistant Principals $ 56,029
Pensions 8,270
Total Office of the Principal 118,029
Fiscal Services
Social Security 265
Pensions 223
Total Fiscal Services 4,825
Human Services/Personnel
Social Security 70
Pensions 72
Total Human Services/Personnel 1,283
Maintenance of Plant
(Continued)
191
Exhibit J-8


Maintenance of Plant (Cont.)
Social Security $ 93
Pensions 68
Total Maintenance of Plant $ 4,298
Transportation
Bus Drivers $ 9,471
Pensions 1,364
Diesel Fuel 3,712
Total Transportation 40,277

Food Service
Cafeteria Personnel $ 18,945
Pensions 1,380
Food Supplies 78
Total Food Service 61,794
Community Services
Teachers 46,008
Pensions 5,761
Travel 697
Food Supplies 4,710
Other Charges 3,987
Total Community Services 108,259
Early Childhood Education

Social Security 477
Pensions 500
Total Early Childhood Education 8,777
Total School Federal Projects Fund $ 5,229,247
(Continued)
192
Exhibit J-8

Central Cafeteria Fund

Food Service
Cafeteria Personnel 1,033,082
Pensions 31,738
Life Insurance 759
Communication 964
Travel 1,154
Food Preparation Supplies 124,610
Food Supplies 1,329,067
USDA - Commodities 189,238
Refunds 304
Other Charges 1,546
Food Service Equipment 69,208
Total Food Service $ 3,315,674
Total Central Cafeteria Fund $ 3,315,674
Extended School Program Fund

Support Services
Board of Education
Total Board of Education $ 9,490

Community Services
Pensions 25,832
Retirement - Hybrid Stabilization 6
(Continued)
193
Exhibit J-8

Extended School Program Fund (Cont.)

Operation of Non-Instructional Services (Cont.)
Community Services (Cont.)
Other Fringe Benefits $ 752
Communication 600
Travel 1,724
Permits 50
Food Supplies 32,219
Software 6,750
Refunds 2,877
Other Charges 272
Total Community Services $ 956,297
Total Extended School Program Fund $ 965,787
Internal School Fund

Community Services
Other Charges $ 1,938,859
Total Community Services $ 1,938,859
Total Internal School Fund 1,938,859

Capital Projects
Other Contracted Services $ 582,026
Building Improvements 66,040
Other Capital Outlay 5,707,316
Total Education Capital Projects $ 6,355,382
Total Education Capital Projects Fund 6,355,382
Total Governmental Funds - Cheatham County School Department $ 62,761,544
194
Exhibit J-9

Schedule of Detailed Additions, Deductions,
and Changes in Net Position - City Custodial Fund
Cities -
Sales Tax
Fund
Additions
Local Option Sales Tax $ 5,545,021
Total Additions $ 5,545,021
Deductions
Remittance of Revenues Collected $ 5,545,021
Total Deductions $ 5,545,021
Excess of Additions Over (Under) Deductions $ 0

Net Position, July 1, 2021 0
Net Position, June 30, 2022 $ 0
195
SINGLE AUDIT SECTION
196
Report on Internal Control Over Financial Reporting and on Compliance and
Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards
Independent Auditor’s Report

We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, the aggregate discretely presented component units, each major fund, and the aggregate
remaining fund information of Cheatham County, Tennessee, as of and for the year ended June 30, 2022,
and the related notes to the financial statements, which collectively comprise Cheatham County’s basic
financial statements, as listed in the table of contents, and have issued our report thereon dated
December 5, 2022. Our report includes a reference to other auditors who audited the Internal School
Fund of Cheatham County School Department (a discretely presented component unit), as described in
our report on Cheatham County’s financial statements. This report includes our consideration of the
results of the other auditor's testing of internal control over financial reporting and compliance and other
matters that are reported on separately by those other auditors. However, this report, insofar as it relates
to the results of the other auditors, is based solely on the report of the other auditors.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered Cheatham County’s
internal control over financial reporting (internal control) as a basis for designing audit procedures that
are appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of Cheatham County’s
internal control. Accordingly, we do not express an opinion on the effectiveness of Cheatham County
internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph
and was not designed to identify all deficiencies in internal control that might be material weaknesses
or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that
were not identified. However, as described in the accompanying Schedule of Findings and Questioned
Costs, we identified certain deficiencies in internal control that we consider to be material weaknesses
and significant deficiencies.
197
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material
misstatement of the entity's financial statements will not be prevented or detected and corrected on a
timely basis. We consider the deficiency described in the accompanying Schedule of Findings and
Questioned Costs to be a material weakness: 2022-006.
A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less

severe than a material weakness, yet important enough to merit attention by those charged with
governance. We consider the following deficiencies, described in the accompanying Schedule of Findings
and Questioned Costs, to be significant deficiencies: 2022-002, 2022-005, and 2022-007.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether Cheatham County’s financial statements are
free from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and material
effect on the financial statements. However, providing an opinion on compliance with those provisions
was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our
tests disclosed instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards and are described in the accompanying Schedule of Findings and
Questioned Costs as items: 2022-001, 2022-003, and 2022-004.
Cheatham County’s Responses to Findings
Government Auditing Standards requires the auditor to perform limited procedures on Cheatham
County’s responses to the findings identified in our audit, which are described in the accompanying
Schedule of Findings and Questioned Costs. Cheatham County’s responses were not subjected to the
auditing procedures applied in the audit of the financial statements and, accordingly, we express no
opinion on them.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering Cheatham County’s internal control and compliance.
Accordingly, this communication is not suitable for any other purpose.
Very truly yours,
Jason E. Mumpower
December 5, 2022
JEM/gc
198
Report on Compliance for Each Major Federal Program; Report on Internal
Control Over Compliance; and Report on the Schedule of Expenditures of
Federal Awards Required by the Uniform Guidance
Independent Auditor’s Report

Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited Cheatham County's compliance with the types of compliance requirements
described in the OMB Compliance Supplement that could have a direct and material effect
on each of Cheatham County's major federal programs for the year ended June 30, 2022.
Cheatham County's major federal programs are identified in the summary of auditor's results
section of the accompanying Schedule of Findings and Questioned Costs.
In our opinion, Cheatham County complied, in all material respects, with the types of
compliance requirements referred to above that could have a direct and material effect on
each of its major federal programs for the year ended June 30, 2022.
Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally

accepted in the United States of America (GAAS); the standards applicable to financial audits
contained in Government Auditing Standards issued by the Comptroller General of the
United States (Government Auditing Standards); and the audit requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our
responsibilities under those standards and the Uniform Guidance are further described in
the Auditor's Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of Cheatham County, Tennessee, and to meet our other
ethical responsibilities, in accordance with relevant ethical requirements relating to our
audit. We believe that the audit evidence we have obtained is sufficient and appropriate to
199
provide a basis for our opinion on compliance for each major federal program. Our audit does
not provide a legal determination of Cheatham County’s compliance with the compliance
requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for
the design, implementation, and maintenance of effective internal control over compliance
with the requirements of laws, federal statutes, regulations, and the terms and conditions of
its federal awards applicable to its federal programs.
Auditor's Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance
with the compliance requirements referred to above occurred, whether due to fraud or error,
and express an opinion on Cheatham County’s compliance based on our audit. Reasonable
assurance is a high level of assurance but is not absolute assurance and therefore is not a
guarantee that an audit conducted in accordance with GAAS, Government Auditing
Standards, and the Uniform Guidance will always detect material noncompliance when it
exists. The risk of not detecting material noncompliance resulting from fraud is higher than
for that resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control. Noncompliance with the compliance
requirements referred to above is considered material, if there is a substantial likelihood
that, individually or in the aggregate, it would influence the judgment made by a reasonable
user of the report on compliance about Cheatham County’s compliance with the requirements
of each major federal program as a whole.
In performing an audit in accordance with GAAS, Government Auditing Standards, and the
Uniform Guidance, we
• exercise professional judgment and maintain professional skepticism throughout the

audit.
• identify and assess the risks of material noncompliance, whether due to fraud or error,
and design and perform audit procedures responsive to those risks. Such procedures
include examining, on a test basis, evidence regarding Cheatham County’s compliance
with the compliance requirements referred to above and performing such other
procedures as we considered necessary in the circumstances.
• obtain an understanding of Cheatham County’s internal control over compliance

relevant to the audit in order to design audit procedures that are appropriate in the
circumstances and to test and report on internal control over compliance in accordance
with the Uniform Guidance, but not for the purpose of expressing an opinion on the
effectiveness of Cheatham County’s internal control over compliance. Accordingly, no
such opinion is expressed.
200
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit and any significant deficiencies and
material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a
control over compliance does not allow management or employees, in the normal course of
performing their assigned functions, to prevent, or detect and correct, noncompliance with a
type of compliance requirement of a federal program on a timely basis. A material weakness
in internal control over compliance is a deficiency, or combination of deficiencies, in internal
control over compliance, such that there is a reasonable possibility that material
noncompliance with a type of compliance requirement of a federal program will not be
prevented, or detected and corrected, on a timely basis. A significant deficiency in internal
control over compliance is a deficiency, or a combination of deficiencies, in internal control
over compliance with a type of compliance requirement of a federal program that is less
severe than a material weakness in internal control over compliance, yet important enough
to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described
in the Auditor's Responsibilities for the Audit of Compliance section above and was not
designed to identify all deficiencies in internal control over compliance that might be material
weaknesses or significant deficiencies in internal control over compliance. Given these
limitations, during our audit we did not identify any deficiencies in internal control over
compliance that we consider to be material weaknesses, as defined above. However, material
weaknesses or significant deficiencies in internal control over compliance may exist that have
not been identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiveness of
internal control over compliance. Accordingly, no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope
of our testing of internal control over compliance and the results of that testing based on the
requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other
purpose.
Report on Schedule of Expenditures of Federal Awards Required by the Uniform

Guidance
We have audited the financial statements of the governmental activities, the aggregate
discretely presented component units, each major fund, and the aggregate remaining fund
information of Cheatham County, Tennessee, as of and for the year ended June 30, 2022, and
the related notes to the financial statements, which collectively comprise Cheatham County’s
basic financial statements. We issued our report thereon dated December 5, 2022, which
contained unmodified opinions on those financial statements. Our audit was conducted for
the purpose of forming opinions on the financial statements that collectively comprise the
basic financial statements. The accompanying Schedule of Expenditures of Federal Awards
is presented for purposes of additional analysis as required by the Uniform Guidance and is
not a required part of the basic financial statements. Such information is the responsibility
201
of management and was derived from and relates directly to the underlying accounting and
other records used to prepare the basic financial statements. The information has been
subjected to the auditing procedures applied in the audit of the basic financial statements
and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the basic financial
statements or to the basic financial statements themselves, and other additional procedures
in accordance with auditing standards generally accepted in the United States of America.
In our opinion, the Schedule of Expenditures of Federal Awards is fairly stated in all material
respects in relation to the basic financial statements as a whole.
Very truly yours,
Jason E. Mumpower
December 5, 2022
JEM/gc
202
Cheatham County, Tennessee, and the Cheatham County School Department
Schedule of Expenditures of Federal Awards and State Grants (1) (2) (3)
Federal Pass-through
Assistance Entity
Federal/Pass-through Agency/State Listing Identifying
Grantor Program Title Number Number Expenditures
U.S. Department of Agriculture:

Passed-through State Department of Agriculture:
Child Nutrition Cluster: (5)
National School Lunch Program (Commodities - Noncash Assistance) 10.555 (4) $ 138,224 (6)
Passed-through State Department of Education:
Child Nutrition Cluster: (5)
School Breakfast Program 10.553 (4) 964,213
National School Lunch Program 10.555 (4) 3,098,380 (6)
Child Nutrition Discretionary Grants Limited Availability 10.579 (4) 64,870
COVID 19 - Pandemic EBT Administrative Costs 10.649 (4) 3,063
Total U.S. Department of Agriculture $ 4,268,750
U.S. Department of the Interior:

Direct Program:
Payments in-Lieu-of Taxes 15.226 N/A $ 11,751
Total U.S. Department of the Interior $ 11,751
U.S. Department of Justice:

Passed-through State Commission on Children and Youth:
Juvenile Justice and Delinquency Prevention 16.540 (4) $ 720
Passed-through State Department of Finance and Administration:
COVID 19 - Coronavirus Emergency Supplemental Funding Program 16.034 (4) 100,000
Crime Victim Assistance 16.575 (4) 50,786
Total U.S. Department of Justice $ 151,506
U.S. Department of Transportation:

Passed-through State Department of Safety and Homeland Security:
Highway Safety Cluster: (5)
State and Community Highway Safety 20.600 (4) $ 28,039
Alcohol Open Container Requirements 20.607 (4) 5,853
Total U.S. Department of Transportation $ 33,892
U.S. Department of Treasury:

Direct Program:
COVID 19 - Coronavirus State and Local Fiscal Recovery Funds 21.027 N/A $ 9,922
Total U.S. Department of Treasury $ 9,922
U.S. Institute of Museum and Library Services:

Passed-through State Department of Library and Archives:
Grants to States 45.310 (4) $ 2,924
Total U.S. Institute of Museum and Library Services $ 2,924
U.S. Department of Education:

Title I Grants to Local Educational Agencies 84.010 (4) $ 655,721
Special Education Cluster: (5)
Special Education - Grants to States 84.027 (4) 1,455,409 (6)
COVID 19 - Special Education - Grants to States - ARP 84.027 (4) 68,233 (6)
Special Education - Preschool Grants 84.173 (4) 33,796 (6)
COVID 19 - Special Education - Preschool Grants - ARP 84.173 (4) 756 (6)
Career and Technical Education - Basic Grants to States 84.048 (4) 76,468
Twenty-first Century Community Learning Centers 84.287 (4) 89,656
English Language Acquisition State Grants 84.365 (4) 11,641
Supporting Effective Instruction State Grants 84.367 (4) 169,918
Student Support and Academic Enrichment Program 84.424 (4) 58,705
COVID 19 - Education Stabilization Fund - Elementary and Secondary
School Emergency Relief Fund (ESSER I) 84.425D (4) 299,761 (6)
COVID 19 - Education Stabilization Fund - Elementary and Secondary
School Emergency Relief Fund (ESSER II) 84.425D (4) 778,340 (6)
COVID 19 - American Rescue Plan - Education Stabilization Fund - Elementary and
Secondary School Emergency Relief Fund (ESSER ARP) 84.425U (4) 1,972,206 (6)
Total U.S. Department of Education $ 5,670,610
(Continued)
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Cheatham County, Tennessee, and the Cheatham County School Department
Schedule of Expenditures of Federal Awards and State Grants (1) (2) (3) (Cont.)
Federal Pass-through
Assistance Entity
Federal/Pass-through Agency/State Listing Identifying
Grantor Program Title Number Number Expenditures
U.S. Election Assistance Commission:

Passed-through State Department, Division of Elections:
Help America Vote Act Requirements Payments 90.401 (4) $ 2,535
Total U.S. Election Assistance Commission $ 2,535
U.S. Department of Health and Human Services:

COVID-19 - Temporary Assistance for Needy Families 93.558 (4) $ 219,172
Total U.S. Department of Health and Human Services $ 219,172
U.S. Department of Homeland Security:

Passed-through State Department of Military:
Disaster Grants - Public Assistance (Presidentially Declared Disasters) 97.036 (4) $ 50,082
Emergency Management Performance Grants 97.042 (4) 33,055
Homeland Security Grant Program 97.067 (4) 19,930
Total U.S. Department of Homeland Security $ 103,067
Total Expenditure of Federal Awards $ 10,474,129
Contract
State Grants Number
Early Childhood Education - State Department of Education N/A (4) $ 484,966
Safe Schools Act - State Department of Education N/A (4) 107,482
Coordinated School Health - State Department of Health N/A (4) 105,000
Litter Program - State Department of Transportation N/A (4) 75,642
Juvenile Justice State Supplement Funds - State Commission on Children and Youth N/A (4) 9,000
Student Ticket Subsidy - TN Arts Commission N/A (4) 9,104
Certificate Program - State Department of Health and Safety N/A (4) 4,074
Rural Local Health Services - State Department of Health N/A (4) 8,724
Governor's Early Literacy Foundation - State Department of Education N/A (4) 11,120
Learning Camps - Summer Learning Camp - State Department of Education N/A (4) 536,178
Learning Camps - Bridge Camp - State Department of Education N/A (4) 234,500
Learning Camps - Stream Mini Camp - State Department of Education N/A (4) 85,293
Learning Camps - Literacy Transportation - State Department of Education N/A (4) 172,261
State Direct Appropriations Grant FY 2021 - State Department of
Finance and Administration N/A (4) 436,096
Total State Grants $ 2,279,440
FAL = Federal Assistance Listing

N/A = Not Applicable
(1) Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
(2) Cheatham County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
(3) No amounts ($0) were passed-through to subrecipients.
(4) Information not available.
(5) Child Nutrition Cluster total $4,200,817; Highway Safety Cluster total $28,039; and Special Education Cluster total $1,558,194.
(6) Total FAL No. 10.555 is $3,236,604; Total FAL No. 84.027 is $1,523,642; Total FAL No. 84.173 is $34,552;
Total FAL No. 84.425 is $3,050,307.
204
Summary Schedule of Prior-year Findings
Government Auditing Standards require auditors to report the status of uncorrected findings from prior audits.
In addition, OMB's Uniform Guidance requires auditees to report the status of all prior-year findings whether
corrected or not. Presented below are financial statement findings along with their current status from the
Annual Financial Report for Cheatham County, Tennessee, for the year ended June 30, 2022.
Prior-year Financial Statement Findings
Fiscal Page Finding FAL

Year Number Number Title of Finding Number Current Status
OFFICE OF GENERAL SESSIONS COURT CLERK
2021 207 2021-001 A cash shortage of $100 existed in the Office of N/A Corrected
General Sessions Court Clerk.
Prior-year Federal Awards Findings
There were no prior-year federal award findings to report.
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SCHEDULE OF FINDINGS AND QUESTIONED COSTS
PART I, SUMMARY OF AUDITOR'S RESULTS
Financial Statements:
1. Our report on the financial statements of Cheatham County is unmodified.
2. Internal Control Over Financial Reporting:
* Material weakness identified? YES
* Significant deficiency identified? YES
3. Noncompliance material to the financial statements noted? NO
Federal Awards:
4. Internal Control Over Major Federal Programs:
* Material weakness identified? NO
* Significant deficiency identified? NONE REPORTED
5. Type of report auditor issued on compliance for major programs. UNMODIFIED
6. Any audit findings disclosed that are required to be reported in

accordance with 2 CFR 200.516(a)? NO
7. Identification of Major Federal Programs:
* Assistance Listing Numbers: 84.027 and 84.173 Special Education Cluster: Special
Education - Grants to States and
Special Education - Preschool Grants
* Assistance Listing Number: 84.425 COVID 19 - Education Stabilization Fund -

Elementary and Secondary School Emergency
Relief Funds
8. Dollar threshold used to distinguish between Type A and Type B Programs. $750,000
9. Auditee qualified as low-risk auditee? NO
206
PART II, FINDINGS RELATING TO THE FINANCIAL STATEMENTS
Findings and recommendations, as a result of our audit, are presented below. We reviewed
these findings and recommendations with management to provide an opportunity for their
response. Written responses for all findings are paraphrased and presented following each
finding and recommendation. Management’s corrective action plan, whether related to the
financial statements or federal awards, is presented separately in the Management’s
Corrective Action Plan in the Single Audit Section of this report. Findings relating
specifically to the audit of federal awards, if any, are separately presented under Part III,
Findings and Questioned Costs for Federal Awards.
FINDING 2022-001 OFFICIAL PRENUMBERED RECEIPTS WERE NOT

ISSUED FOR ALL COLLECTIONS AT THE AMBULANCE
SERVICE
(Noncompliance Under Government Auditing Standards)
While performing a receipt to deposit test at the ambulance service on March 10, 2022, we
noted that the ambulance service had issued only two official prenumbered receipts between
July 1, 2021, and March 10, 2022. Section 9-2-103, Tennessee Code Annotated (TCA), requires
official prenumbered receipts for all collections. During this period, the ambulance service
deposited $1,595 with the county trustee; however, since receipts were not issued, we could
not determine if all collections had been accounted for properly. In addition, we were unable
to determine if the office had complied with Section 5-8-207, TCA, which requires officials to
deposit all collections within three days of receipt. The failure to properly issue receipts at
the time of collection and the failure to deposit funds promptly increases the risks of fraud
and abuse. This deficiency is due to a lack of management oversight.
RECOMMENDATION
Official prenumbered receipts should be issued for all collections when received, and all
collections should be deposited within three days of receipt as required by state statutes.
MANAGEMENT’S RESPONSE – COUNTY MAYOR
No formal management’s response was submitted. However, explanation to the finding is

included in the Corrective Action Plan.
_________________________________
FINDING 2022-002 DUTIES WERE NOT SEGREGATED ADEQUATELY

(Internal Control – Significant Deficiency Under Government
Auditing Standards)
Duties were not segregated adequately among the employees at the ambulance service.
Employees responsible for maintaining the accounting records in the office were also involved
in receipting, depositing, and/or disbursing funds. Sound business practices dictate that
management is responsible for designing internal controls to give reasonable assurance of
the reliability of financial reporting and of the effectiveness and efficiency of operations. This
207
lack of segregation of duties is the result of management’s decisions based on the availability
of financial resources and is a significant deficiency in internal controls that increases the
risk of unauthorized transactions.
RECOMMENDATION
The ambulance service should segregate duties to the extent possible using available
resources.
MANAGEMENT’S RESPONSE – COUNTY MAYOR

_________________________________
FINDING 2022-003 THE OFFICE HAD DEFICIENCIES IN COMPUTER

SYSTEM BACKUP PROCEDURES
System backups were performed semiweekly instead of daily. Section 10-7-121, Tennessee
Code Annotated, provides that records required to be retained by any government official may
be maintained on a computer or removable storage media as long as certain standards are
met. One of these standards requires that all data generated and stored within the computer
system should be copied to storage media daily, and media more than one week old should be
stored at an off-site location. This deficiency is the result of management’s failure to
implement adequate disaster recovery planning procedures. In the event of a disaster, all
data would not be available, resulting in costly delays in generating and recording
information accounted for through the automated process.
RECOMMENDATION
Management should ensure that computer system backups are performed on a daily basis.
MANAGEMENT’S RESPONSE – BUILDING AND CODES DIRECTOR
We concur with the finding and are working with the vendor to get it corrected.
_________________________
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FINDING 2022-004 THE DIRECTOR OF SCHOOLS RECEIVED ADDITIONAL

COMPENSATION NOT APPROVED BY THE BOARD OF
EDUCATION
The director of schools entered into employment contracts with the board of education
detailing job responsibilities, compensation, and fringe benefits for the term of each contract
period. During the audit period, the director was paid $9,000 from federal grant funds
(ESSER 2.0) that was not part of a contractual agreement or formally approved by the board
of education. This unauthorized compensation resulted from the failure to follow the terms
of the contract.
RECOMMENDATION
The board of education should determine the propriety of the payments to the director of
schools.
MANAGEMENT’S RESPONSE – DIRECTOR OF SCHOOLS

_________________________
FINDING 2022-005 THE SCHOOL DEPARTMENT DID NOT HAVE

ADEQUATE POLICIES AND PROCEDURES TO
ACCOUNT FOR FUEL CARD PURCHASES RESULTING
IN A NET LOSS OF $29,774.
Auditing Standards)
In March 2021, the transportation director was notified of issues with fuel cards used by the
school department. The transportation director completed an Unauthorized Use Affidavit
and sent it to Wex Fleet Fraud Services. The transportation director was notified of more
discrepancies in October 2021 and submitted another affidavit. During January 2022, the
transportation director contacted the Wex Regional Director about the discrepancies,
submitted a fraud reporting form to the Comptroller’s Office, and filed a police report. Wex
has a 60-day reimbursement policy once fraud is reported. As of January 14, 2022, the board
of education experienced a net loss of $29,774 ($59,788.95 fraudulent charges reported less a
credit of $30,015.42). The school department did not have written policies and procedures
regarding the use of fuel cards. The lack of formal policies and procedures over fuel cards
resulted in unauthorized purchases.
RECOMMENDATION
The school department should establish written policies and procedures for the use of fuel
cards. These policies should include, but not be limited to, a record of each card, who has
209
possession of the card, a usage log for each card, and a reconciliation of individual receipts
with monthly statements and usage.

_________________________
FINDING 2022-006 MATERIAL AUDIT ADJUSTMENTS WERE REQUIRED

FOR PROPER FINANCIAL STATEMENT
PRESENTATION
(Internal Control – Material Weakness Under Government
Auditing Standards)
At June 30, 2022, certain general ledger account balances in the General Purpose School
Fund were not materially correct, and audit adjustments totaling $8,091,154, related to
overstated property tax receivables were required for the financial statements to be
materially correct at year-end. Generally accepted accounting principles require the school
department to have adequate internal controls over the maintenance of its accounting
records. Material audit adjustments were required because the department’s financial
reporting system did not prevent, detect, or correct potential misstatements in the accounting
records. It is a strong indicator of a material weakness in internal controls if the school
department has ineffective controls over the maintenance of its accounting records, which
are used to prepare the financial statements, including the related notes to the financial
statements. We presented audit adjustments to management that they approved and posted
to properly present the financial statements in this report. This deficiency is the result of a
lack of management oversight.
RECOMMENDATION
The school department should have appropriate processes in place to ensure its general
ledgers are materially correct.

_________________________
FINDING 2022-007 THE SCHOOL DEPARTMENT DID NOT MAINTAIN

ADEQUATE CONTROLS OVER ITS CAPITAL ASSETS
RECORDS
Auditing Standards)
Various purchases were not recorded correctly on the school department’s capital assets
records. This resulted in capital assets and current-year depreciation expense being
understated by $967,063 and $70,914, respectively. Generally accepted accounting principles
210
require accountability for all assets owned by the school department, such as equipment,
vehicles, buildings, and infrastructure. These deficiencies can be attributed to a lack of
management oversight. We provided management with audit adjustments, which they
accepted to properly present capital assets in the financial statements of this report. Without
accurate capital assets records, the school department cannot adequately control its assets.
RECOMMENDATION
The school department should maintain accurate capital assets records for all school-owned
assets as required by generally accepted accounting principles.

_________________________
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PART III, FINDINGS AND QUESTIONED COSTS FOR FEDERAL AWARDS
There were no findings and questioned costs related to federal awards for the year ended
June 30, 2022.
212
Management's Corrective Action Plan
We reviewed the financial statement and federal award findings and recommendations with management
to provide an opportunity for their response as required by the auditee requirements within Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Management’s corrective action plans for all
financial statement findings and federal award findings are presented in this section and have been indexed
below. The corrective action plans were prepared by management and have been presented as they were
submitted.
Finding Corrective Action

Number Title of Finding Plan Page Number
2022-001 Official prenumbered receipts were not issued for all 214
collections at the ambulance service.
2022-002 Duties were not segregated adequately. 214
2022-003 The office had deficiencies in computer system backup 220

procedures.
2022-004 The Director of Schools received additional compensation 216

not approved by the Board of Education.
2022-005 The school department did not have adequate policies and 217
procedures to account for fuel card purchases resulting in a
net loss of $29,774.
2022-006 Material audit adjustments were required for proper 218

financial statement presentation.
2022-007 The school department did not maintain adequate controls 219
over its capital assets records.
213
214
215
CHEATHAM COUNTY SCHOOL DISTRICT
Achieving Excellence Together
Director of Schools - Cathy Beck, Ed.D
102 Elizabeth Street -Ashland City, TN 37015 . Phone: 615. 792.5664 • Fax: 615.792.255 l
Communication • Consistency • Relationships • Service
Corrective Action Plan
FINDING 2022-004: THE DIRECTOR OF SCHOOLS RECEIVED

ADDITIONAL COMPENSATION NOT APPROVED BY
THE BOARD OF EDUCATION
Response and Corrective Action Plan Prepared by:

Tara Watson, Chief Operations Officer
Person Responsible for Implementing the Corrective Action:

Anticipated Completion Date of Corrective Action:

12/5/2022
Repeat Finding:
No
Planned Corrective Action:
The Board of Education will be approve any additional supplement the Director of Schools
will receive.
216
www.CheathamCountySchools.net • www.CheathamAchieves.com • Twitter: @CCBOE

Cheatham County School District does not discriminate on the basis of age, sex, rnce, color, creed, religion,
national origin or handicap in the operation of its educational programs and activities including employment practices.
102 Elizabeth Street -Ashland City, TN 37015 . Phone: 615.792.5664, Fax: 615.792.2551
FINDING 2022-005: THE SCHOOL DEPARTMENT DID NOT HAVE

ADEQUATE POLICIES AND PROCEDURES TO
ACCOUNT FOR FUEL CARD PURCHASES RESULTING
IN A LOSS OF $29,773.53.



12/5/2022
Repeat Finding:
No

Fuel Card administrative procedure was developed and implemented by the
Director of Transportation and the Chief Operations Officer. Fuel card usage
accuracy will be verified and any fraud will be reported immediately.
217
www.CheatharnCountySchools.net • www.CheathamAchieves.com • Twitter: @CCBOE

Cheatham Collllly School District does nol discriminalt: on the basis of age, sex, nice, color, creed, religion,
national origin or handicap in the operation ofit,; educational programs and activities including employment practices.
102 Elizabeth Street. Ashland City, TN 37015 . Phone: 615.792.5664 · Fax: 615.792.2551
FINDING 2022-006: MATERIAL AUDIT ADJUSTMENTS WERE REQUIRED

FOR PROPER FINANCIAL STATEMENT
PRESENTATION



12/5/2022
Repeat Finding:
No

The Accounts Payable Associate will enter property tax receivable into the accounting
software. The Chief Operations Officer will verify the entry for accuracy.
218

Cheatham County School District does not disL.iminate on the basis of age, sex, race, color, creed, religion,
national origin or handicap in the operation of its educational programs and activities including employment practices.
102 Elizabeth Street -Ashland City, TN 37015. Phone: 615.792.5664 · Fax: 615.792.2551
022-007: THE SCHOOL DEPARTMENT DID NOT MAINTAIN
ADEQUATE CONTROLS OVER ITS CAPITAL ASSETS
RECORDS



12/5/2022
Repeat Finding:
No

The Accounts Payable Associate will run a monthly account analysis for any items, which
exceeds the capital assets threshold. The Chief Operations Officer will review the monthly
analysis to identify all capital assets. Assets, which qualify as capital assets, will be
entered into the districts accounting software.
219

Cheatham County School District does not disc riminate on the basis of age, sex, race, color, creed, religion,
national origin or handicap in the operation of it� educational programs and activities including employment practices.
220
BEST PRACTICE
Accounting literature describes a best practice as a recommended policy, procedure, or

technique that aids management in improving financial performance. Historically, a best
practice has consistently shown superior results over conventional methods.
The Division of Local Government Audit strongly believes that the item noted below is a
best practice that should be adopted by the governing body as a means of significantly
improving accountability and the quality of services provided to the citizens of Cheatham
County.
CHEATHAM COUNTY SHOULD ADOPT A CENTRAL SYSTEM

OF ACCOUNTING, BUDGETING, AND PURCHASING
Cheatham County does not have a central system of accounting, budgeting, and
purchasing. Sound business practices dictate that establishing a central system would
significantly improve internal controls over the accounting, budgeting, and purchasing
processes. The absence of a central system of accounting, budgeting, and purchasing has
been a management decision by the county commission resulting in decentralization and
some duplication of effort. The Division of Local Government Audit strongly believes that
the adoption of a central system of accounting, budgeting, and purchasing is a best practice
that would significantly improve accountability and the quality of services provided to the
citizens of Cheatham County. Therefore, we recommend the adoption of the County
Financial Management System of 1981 or a private act, which would provide for a central
system of accounting, budgeting, and purchasing covering all county departments.
221

TN Comptroller's Office Annual Financial Report

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TN Comptroller's Office Annual Financial Report

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Cheatham County, Tennessee

For the Year Ended June 30, 2022

CHEATHAM COUNTY, TENNESSEE

FOR THE YEAR ENDED JUNE 30, 2022

COMPTROLLER OF THE TREASURY

DIVISION OF LOCAL GOVERNMENT AUDIT

JEFF BAILEY, CPA, CGFM, CFE

This financial report is available at www.comptroller.tn.gov

Summary of Audit Findings 6

Cheatham County Officials 8

Independent Auditor's Report 10-14

Schedule of Proportionate Share of the Net Pension Liability (Asset) in the

Schedules of Revenues, Expenditures, and Changes in Fund

SINGLE AUDIT SECTION 196

Auditor's Report on Internal Control Over Financial Reporting and on

Our report on Cheatham County’s financial statements is unmodified.

The following is a summary of the audit findings:

OFFICE OF COUNTY MAYOR

OFFICE OF BUILDING AND CODES

♦ The office had deficiencies in computer system backup procedures.

OFFICE OF DIRECTOR OF SCHOOLS

Kerry McCarver, County Mayor

Board of County Commissioners

Donnie Jordan, Chairman Randy Liles

John Louallen, Chairman David Risner

Zach Clayton, Chairman

Cheatham County Mayor and

To the County Mayor and Board of County Commissioners:

Report on the Audit of the Financial Statements

Basis for Opinions

Responsibilities of Management for the Financial Statements

In preparing the financial statements, management is required to evaluate whether there

Auditor's Responsibilities for the Audit of the Financial Statements

In performing an audit in accordance with GAAS and Government Auditing Standards, we

• exercise professional judgment and maintain professional skepticism throughout

• identify and assess the risks of material misstatement of the financial

• evaluate the appropriateness of accounting policies used and the reasonableness

• conclude whether, in our judgment, there are conditions or events, considered in

Required Supplementary Information

Very truly yours,

Cheatham County, Tennessee

Cash $ 3,300 $ 1,419,180

DEFERRED OUTFLOWS OF RESOURCES

Pension Changes in Experience $ 50,530 $ 111,114

Cheatham County, Tennessee

Accounts Payable $ 348,943 $ 515,275

DEFERRED INFLOWS OF RESOURCES

Deferred Current Property Taxes $ 19,508,292 $ 7,538,836

Net Investment in Capital Assets $ 15,806,752 $ 50,922,147

Total Net Position $ 42,771,509 $ 78,340,549

Cheatham County, Tennessee

Net (Expense) Revenue and

Total Primary Government $ 32,809,747 $ 6,349,119 $ 3,243,174 $ 350,649 $ (22,866,805) $ 0

Total Component Unit $ 54,431,226 $ 3,738,896 $ 8,663,791 $ 0 $ 0 $ (42,028,539)

Cheatham County, Tennessee

Net (Expense) Revenue and

Change in Net Position $ 8,187,817 $ 13,214,679

Net Position, June 30, 2022 $ 42,771,509 $ 78,340,549

Cheatham County, Tennessee

Cash $ 650 $ 0 $ 0 $ 0 $ 2,650 $ 3,300

Total Assets $ 25,110,648 $ 3,949,544 $ 3,710,777 $ 8,581,679 $ 9,574,512 $ 50,927,160

Accounts Payable $ 281,134 $ 0 $ 3,320 $ 0 $ 64,489 $ 348,943